On a Production Possibilities Frontier, the Opportunity Cost of One

question 169

Multiple Choice

On a production possibilities frontier, the opportunity cost of one more unit of a commodity per time period is measured by the

• A)monetary price of the commodity
• B)amount of the other commodity that must be sacrificed
• C)amount of unemployed resources that must be used
• D)amount of satisfaction it gives consumers
• E)amount of tax paid to government for production, sale, and use of the commodity

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Definitions:

Only-born Boy

A male child who is the sole offspring of his parents, having no siblings.

Later-born Child

A term referring to a child's birth order, indicating they were born after at least one older sibling, influencing their behavior and family dynamics.

Only Child

A child who has no siblings and is the sole offspring of their parents.

Academically

Pertaining to educational or scholarly activities or environments.