At One Point Along a PPF 40 Tons of Wheat

question 58

Multiple Choice

At one point along a PPF 40 tons of wheat are produced while 80 tons of rice are produced. At another point along the same PPF, 41 tons of wheat are produced while 70 tons of rice are produced. The opportunity cost of producing a ton of wheat between these points is ________ per ton of wheat.

• A) 1/2 ton of rice
• B) 10 tons of rice
• C) 1/10 ton of rice
• D) 4/7 ton of rice

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Definitions:

Foot-In-The-Door Phenomenon

A tactic that involves getting a person to agree to a small request to increase the chances they will agree to a larger request later.

Fundamental Attribution Error

The tendency for people to over-emphasize personality-based explanations for behaviors observed in others while under-emphasizing situational explanations.

Peripheral Route Persuasion

A method of persuasion that relies on superficial cues rather than the logical argumentation or the content of the message itself.

Cognitive Dissonance

The discomfort in one's mind caused by holding several contradictory beliefs, ideas, or values concurrently.