At One Point Along a PPF, 50 Tons of Coffee

question 309

Multiple Choice

At one point along a PPF, 50 tons of coffee and 100 tons of bananas are produced. At another point along the same PPF, 30 tons of coffee and 140 tons of bananas are produced. The opportunity cost of a ton of coffee between these points is

• A) 7/5 of a ton of bananas per ton of coffee.
• B) 1/2 of a ton of bananas per ton of coffee.
• C) 5/7 of a ton of bananas per ton of coffee.
• D) 2 tons of bananas per ton of coffee.

Recognize the significance of productivity in the economic framework.

Understand the role of societal institutions in organizing economic activities.

Identify the factors responsible for major economic shifts and revolutions.

Understand the impact of economic changes on social organization and employment types.

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Definitions:

Intelligence Levels

Varying degrees of cognitive capacity among individuals, including problem-solving, learning, adaptation, and understanding complex concepts.

Representative Sample

A sample that accurately reflects the characteristics of the population from which it is drawn.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion in a set of data values.

Sample Size

The number of individuals or observations included in a study, important for the reliability and validity of statistical analyses.