Use the Table Below to Answer the Following Questions

question 34

Multiple Choice

Use the table below to answer the following questions.
Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.

-Refer to Table 2.1.1. What does point C mean?

• A)If 8 units of X are produced, then at least 28 units of Y can be produced.
• B)If 8 units of X are produced, then at most 28 units of Y can be produced.
• C)If 28 units of Y are produced, then more than 8 units of X can be produced.
• D)If 8 units of X are produced, then only 36 units of Y can be produced.
• E)There is unemployment at this point.

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Definitions:

Social Responsibility Norm

The idea that we should help people who are dependent and in need. It is contradicted by another norm that discourages interfering in other people’s lives.

Individualistic Societies

Societies that prioritize the needs and rights of the individual over those of the group or community.

Group Membership

The affiliation or identification with one or more social groups, which can influence individual attitudes, behaviors, and perceptions.

Reciprocity Principle

The social norm that suggests that people should return a favor or action with another equivalent favor or action.