If Germany Used All Its Resources to Produce Bread, Suppose

question 144

Multiple Choice

If Germany used all its resources to produce bread, suppose it could produce 40 million loaves of bread. If it used all its resources to produce milk, it could produce 20 million gallons of milk. Based on this, Germany's opportunity cost of producing a _____ is _____.

• A) loaf of bread; 1/2 a gallon of milk
• B) loaf of bread; 2 gallons of milk
• C) gallon of milk; 1/2 a loaf of bread
• D) gallon of milk; 1 loaf of bread

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Definitions:

ADR

Alternative Dispute Resolution; methods outside the courtroom, such as mediation or arbitration, used to resolve disputes.

60 Percent

A fraction, represented as sixty out of one hundred, often used to signify a majority or a significant portion in various contexts.

75 Percent

A fraction or percentage representing three quarters of a whole or total.

ADR

Stands for Alternative Dispute Resolution, which encompasses various methods for resolving disputes outside the traditional court system, such as mediation and arbitration.