Moving Between Two Points on a PPF, a Country Gains

question 3

Multiple Choice

Moving between two points on a PPF, a country gains 6 cars and forgoes 3 trucks. The opportunity cost of 1 car is

• A) 1/2 of a truck.
• B) 2 trucks.
• C) 3 trucks.
• D) 6 cars - 3 trucks.
• E) 1 car.

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Definitions:

Large Cities

Urban areas with substantial populations, typically featuring a high density of development and complex social, economic, and infrastructure systems.

Agricultural Society

A community chiefly engaged in the production of food through agriculture, emphasizing the importance of farming and cultivation in its economy and culture.

D.G.REGINA

Latin for "By the Grace of the Queen," seen on British and Commonwealth coins, symbolizing the monarch's authority.

Justification of Rule

a concept relating to the reasoning or rationale behind the establishment and enforcement of laws or governance structures.