Assume for the United States That the Opportunity Cost of Each

question 268

Multiple Choice

Assume for the United States that the opportunity cost of each airplane is 100 cars.Which of these pairs of points could be on the United States' production possibilities frontier?

• A) (200 airplanes, 5,000 cars) and (150 airplanes, 4,000 cars)
• B) (200 airplanes, 10,000 cars) and (150 airplanes, 20,000 cars)
• C) (300 airplanes, 15,000 cars) and (200 airplanes, 25,000 cars)
• D) (300 airplanes, 25,000 cars) and (200 airplanes, 40,000 cars)

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Definitions:

Mid-1960s

A period in the 20th century characterized by significant social, political, and cultural changes, including the civil rights movement and the escalation of the Vietnam War.

Black Panthers

An African-American revolutionary party, founded in 1966, that advocated for the defense of African-American communities from state oppression and police brutality.

Capitalist System

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit, guided by market forces.

Gulf of Tonkin

Refers to an incident in 1964 off the coast of Vietnam that led to the U.S. Congress passing the Gulf of Tonkin Resolution, escalating American involvement in the Vietnam War.