Assume a Hypothetical Economy Where Cloth and Wheat Can Be

question 164

Multiple Choice

Assume a hypothetical economy where cloth and wheat can be produced. What is the opportunity cost of producing wheat in this economy?

• A) the amount of cloth that must be given up to produce one more unit of wheat
• B) the amount of money received by selling wheat
• C) the number of workers it takes to produce all the wheat
• D) More information is needed to answer the question.

---

Definitions:

Compliance

The act of conforming to a request or demand, often from a figure of authority.

Compliance Tactics

Strategies used to persuade or influence others to agree with or obey a request or command.

Free Samples

Small quantities of a product given at no charge, allowing consumers to try before making a purchase decision.

Reciprocity Norm

A social norm suggesting that people should return the help they have received from others, creating a cycle of mutual assistance.