Graph 3-2 These Figures Illustrate the Production Possibilities Available

question 119

Multiple Choice

Graph 3-2 These figures illustrate the production possibilities available to Amy and Jim with 8 hours of labour.
-According to Graph 3-2, if Amy and Jim both specialise in the good in which they have a comparative advantage, total consumption of coffee and total consumption of doughnuts will be _____ respectively.

• A)20 and 4
• B)4 and 20
• C)16 and 7
• D)7 and 16

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Definitions:

Divine Command Theory

The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.

Plato

Ancient Greek philosopher who founded the Academy in Athens, known for his works on philosophy, ethics, and politics, including the theory of Forms.

Socrates

An ancient Greek philosopher known for his contributions to ethics and epistemology, and for employing a method of inquiry and discussion based on asking and answering questions to stimulate critical thinking.

Personal Gain

The benefit or advantage to an individual, usually in a selfish or unethical context.