Refer to the Figure Shown, Which Represents the Production Possibilities

question 7

Multiple Choice

Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The opportunity cost of a truck in Country A is:

• A)30 cars.
• B)6 trucks.
• C)5 cars.
• D)3 cars.

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Definitions:

Kansas-Nebraska Act

An 1854 U.S. law that created the territories of Kansas and Nebraska, leaving the decision of slavery to popular sovereignty, which intensified the pre-Civil War sectional conflict.

Whig Party

A political party in the United States that was active between the 1830s and the 1850s, opposing the policies of Andrew Jackson and advocating for federal government support of a more diversified economy.

Republican Party

One of the two major contemporary political parties in the United States, traditionally supporting pro-business, conservative, and right-leaning policies.

Democratic Party

A major political party in the United States that historically has advocated for social welfare, civil rights, and governmental intervention in the economy to promote social justice.