Figure 11-14 Figure 11-14 Shows the Optimal Input Combinations for the Production

question 15

Multiple Choice

Figure 11-14

Figure 11-14 shows the optimal input combinations for the production of a given quantity of cotton in the United States and in China.
-Refer to Figure 11-14.Consider the following statements:
A.For each country, the marginal product per dollar spent on labor equals to the marginal product per dollar spent on capital.
B.The price of labor is relatively higher in the United States than in China and the price of capital is relatively lower in the United States than in China.
C.The price of labor and the price of capital are relatively higher in the United States than in China.
Based on the figure, which of the statements above is true?

• A)All of the statements are true.
• B)statements a and c only
• C)statements a and b only
• D)statements b and c only

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Definitions:

Labeling

The process of classifying and naming individuals or groups based on perceived characteristics, which can influence identity and behavior.

Deviant

Behaviors or actions that violate societal norms or standards, often resulting in societal judgment or sanction.

Scapegoats

Individuals or groups unfairly blamed for problems or wrongdoings they did not cause, often to deflect responsibility from the true culprits.

Control Theory

The theory that an individual’s tendency to engage in deviant behavior is influenced by his or her ties to other persons. There are four components of such ties: attachment, commitment, involvement, and belief.