Table 3-2 -Refer to Table 3-2.What Is the Opportunity Cost of 1

question 169

Multiple Choice

Table 3-2

-Refer to Table 3-2.What is the opportunity cost of 1 kilogram of meat for the farmer?

• A)1/4 hour of labour
• B)4 hours of labour
• C)4 kilograms of potatoes
• D)1/4 kilogram of potatoes

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Definitions:

Obedience

The act of following instructions or complying with commands, norms, or laws.

Individualism

Giving priority to personal goals rather than to group goals; emphasizing values that serve the self, such as feeling good, striving for personal distinction and recognition for achievement, and asserting independence.

Interdependence

The mutual reliance between two or more entities, where each is dependent on the other for certain needs or outcomes.

Independence

The state of being self-reliant and free from external control or support.