Use the Following to Answer Questions

question 42

Multiple Choice

Use the following to answer questions:
Figure: PPF Mexico & United States
-(Figure: PPF Mexico & United States) Use the figure in which both Mexico and the United States each have 24 units of labor. The opportunity costs of producing one computer are:

• A) six shirts for Mexico and one shirt for the United States.
• B) 1/6 of a shirt for both Mexico and the United States.
• C) one shirt for Mexico and 1/6 of a shirt for the United States.
• D) six shirts for both Mexico and the United States.

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Definitions:

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Distribution

In statistics, a way of describing the observations of a variable, including their spread and central tendency.

Perfect Correlation

A statistical relationship where two variables move in sync, either always increasing or decreasing together, represented by a correlation coefficient of +1 or -1.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases.