Use the Production Possibilities Data Below to Answer the Following

question 56

Multiple Choice

Use the production possibilities data below to answer the following question(s) .
Table 2-3

Refer to Table 2-3. The opportunity cost of 1 pound of potatoes for the farmer is

• A) 8 hours of labor.
• B) 2 hours of labor.
• C) 4 pounds of meat.
• D) 1/4 pound of meat.

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Definitions:

Logical Thinking

The process of reasoning consistently and rationally, applying systematic steps and principles in problem-solving and decision-making.

Living

The state of being alive and capable of growth, reproduction, function, and continual change preceding death.

Dualistic Thinking

The tendency to categorize aspects of life into binaries or opposites, often viewing them as completely separate and distinct.

Relativistic Thinking

is the ability to understand that knowledge and truth may vary across different contexts and perspectives, recognizing multiple viewpoints.