The Table Below Shows Units of Wheat and Cloth Produced

question 37

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries. Table 20.1
-According to Table 20.1,the opportunity cost of producing wheat in the U.S.equals:

• A)half a unit of cloth.
• B)one-third of a unit of cloth.
• C)one-fourth of a unit of cloth.
• D)4 units of cloth.
• E)8 units of cloth

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Definitions:

Empirical Rule

A statistical rule stating that for a normal distribution, nearly all of the data will fall within three standard deviations of the mean.

Measure Variability

The degree to which data points in a dataset differ from each other and from their average value.

Square Root

A value that, when multiplied by itself, gives the original number. It is often represented as \(\sqrt{x}\) for a number \(x\).

Ranges

The difference between the maximum and minimum values in a data set, indicating the spread of values.