If an Economy Can Produce a Maximum of 100 Units

question 101

Multiple Choice

If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce?

• A)250
• B)100
• C)20
• D)500

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to perform tasks well.

Achievement Oriented

Focused on setting challenging objectives and emphasizing excellence in performance.

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which they can control events affecting them.

Business Education

Academic programs focusing on teaching the skills and knowledge required for careers in business, including finance, management, marketing, and entrepreneurship.