The United States Can Use All Its Resources to Produce

question 97

Multiple Choice

The United States can use all its resources to produce 250 DVDs or 500 shoes. China can use all of its resources to produce 30 DVDs or 300 shoes. The opportunity cost of producing a DVD in the United States is

• A)500 shoes.
• B)1 DVD.
• C)2 shoes.
• D)20 shoes.
• E)1/2 of a shoe.

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Definitions:

Holophrase

A single word used by an infant that expresses a complex idea or request, common in the early stages of language development.

Overextension

in language development, refers to the application of a word in a broader context than is appropriate, common in early speech.

Metacognition

The recognition and comprehension of an individual's own cognitive activities, commonly described as "thinking about thinking."

Reflect on your Own Thinking

The meta-cognitive process of analyzing one’s own thoughts, beliefs, and cognitive processes.