The United States Can Use All Its Resources to Produce

question 183

Multiple Choice

The United States can use all its resources to produce 250 DVDs or 500 shoes.China can use all of its resources to produce 30 DVDs or 300 shoes.The opportunity cost of producing a DVD in the United States is

• A) 2 shoes.
• B) 1/2 of a shoe.
• C) 20 shoes.
• D) 500 shoes.
• E) 1 DVD.

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Definitions:

Discharged Batteries

Batteries that have depleted their stored electrical energy and need recharging to resume normal operation.

Wet Cell Batteries

A type of lead-acid battery where the electrolyte is in liquid form, widely used in automotive applications for starting engines.

Diesel Engine

An internal combustion engine that operates using the compression ignition of diesel fuel to produce energy.

Crank

To rotate an engine with the objective of starting it.