Using All Its Resources, an Economy Can Produce Either 200

question 37

Multiple Choice

Using all its resources, an economy can produce either 200 computers or 800 chairs. If the economy produces 200 computers, its opportunity cost of producing these 200 computers is _____.

• A) 200 chairs
• B) zero
• C) 800 chairs
• D) 600 chairs

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Definitions:

Environmental Shared

The portion of the environment that is experienced identically by individuals, often used in contrast to "non-shared environment" in studies of heritability.

Monozygotic Twins

Identical twins originating from the division of a single fertilized egg, sharing all of their genetic material.

Dizygotic Twins

Also known as fraternal twins, they develop from two separate eggs fertilized by two different sperm cells, leading to siblings with genetic similarities but not identical genomes.

Inherited Traits

Attributes, characteristics, or disorders that are genetically passed from parents to their offspring.