Figure 2-10 Refer to Figure 2-10. If the Economy Moves from Point

question 228

Multiple Choice

Figure 2-10
Refer to Figure 2-10. If the economy moves from point C to point B, then which of the following statements is correct?

• A) The economy benefited from a technological advance in the production of baseballs.
• B) The opportunity cost of each additional baseball is 2 bananas.
• C) The opportunity cost of each additional banana is 2 baseballs.
• D) The move involves no opportunity cost; it simply reflects the desires of the economy's citizens.

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Definitions:

Heritable

Referring to traits or characteristics that can be passed from parents to their offspring through genes.

Sensation Seeking

A personality trait defined by the search for experiences and feelings that are varied, novel, complex, and intense, and by the readiness to take physical, social, legal, and financial risks for the sake of such experiences.

Genetic Expression

The process by which information from a gene is used to direct the synthesis of proteins or to produce a functional gene product, influencing an organism's characteristics.

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact.