Use the Following to Answer Question(s)

question 125

Multiple Choice

Use the following to answer question(s) :
Exhibit: Sugar and Freight Trains

-(Exhibit: Sugar and Freight Trains) Suppose the economy is operating at point C. The opportunity cost of producing the fourth freight train would be:

• A) 19 tons of sugar.
• B) 45 tons of sugar.
• C) 80 tons of sugar.
• D) 3 freight trains.

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Definitions:

Uncertain

A general state or condition of having doubt, being unsure about outcomes, or lacking predictability in events or decisions.

Outcome

The result or effect of an action, situation, or event; the end product of a process.

Universal Needs

Fundamental requirements or desires common to all humans, such as food, shelter, safety, and belonging.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic physiological needs to self-actualization, influencing motivation and behavior.