Refer to the Figure Below

question 96

Multiple Choice

Refer to the figure below.If this economy is currently producing at point C, then the opportunity cost of providing 100 additional units of medical care would be:

• A)800 warheads.
• B)400 warheads.
• C)200 warheads.
• D)100 warheads.

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Definitions:

Oil Reserve

Stocks of crude oil or refined petroleum products held underground or in storage facilities controlled by countries or corporations for future use.

Profit

The financial gain realized when revenue from business activities exceeds the costs and expenses involved in operating.

Market Rate

The prevailing price or cost of goods, services, wages, or interest rates in the open market.

Natural Gas

A fossil fuel composed mainly of methane, used as an energy source for heating, electricity, and vehicle fuel.