Figure 2-2 Consider the Production Possibilities Curve for a Country

question 546

Multiple Choice

Figure 2-2 Consider the production possibilities curve for a country that can produce cars,corn (in bushels) ,or a combination of the two.
-Refer to Figure 2-2.If this economy devotes all of its available resources to producing corn,then it will produce

• A) 0 bushels of corn and 10 cars.
• B) 135 bushels of corn and 3 cars
• C) 160 bushels of corn and 10 cars.
• D) 160 bushels of corn and 0 cars.

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Definitions:

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other variable.

Independent Variable

In an experiment, a factor or condition that is deliberately manipulated to determine whether it causes any change in another behavior or condition.

Coefficient of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Independent Variable

The factor in an experiment that is deliberately manipulated to observe its effect on a dependent variable.