Exhibit 2-1 Production Possibilities Curve Data In Exhibit 2-1, According to the Information, the Opportunity Cost

question 71

Multiple Choice

Exhibit 2-1 Production possibilities curve data $$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Consumption } \\\text { Goods }\end{array} & \begin{array} { c } \text { Capital } \\\text { Goods }\end{array} \\\hline 10 & 0 \\9 & 1 \\7 & 2 \\4 & 3 \\0 & 4 \\\hline\end{array}$$ In Exhibit 2-1, according to the information, the opportunity cost of producing the 3^rd unit  of capital is :

• A) 3 units of consumption goods.
• B) 4 units of consumption goods.
• C) 6 units of consumption goods.
• D) 7 units of consumption goods.

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Individuals hired by a business or organization to perform work in exchange for compensation.

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Taxes imposed on both employers and employees to fund Social Security and Medicare in the United States.

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Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, the tax withholding that funds Social Security and Medicare.