Choose the Correct Statements

question 113

Multiple Choice

Choose the correct statements. 1.Opportunity cost of a good is the increase in the quantity produced of one good divided by the decrease in the quantity produced of another good as we move along the PPF.
2.The opportunity cost of an action is the highest-valued alternative forgone.
3.Opportunity cost is a ratio.
4.There is no relationship between the opportunity cost of producing an additional good measured on the x-axis and the opportunity cost of producing an additional good measured on the y-axis.

• A)Statements 1 and 3 are correct.
• B)Statements 1 and 2 are correct.
• C)Statements 2 and 3 are correct.
• D)Statements 2 and 4 are correct.
• E)Statements 3 and 4 are correct.

---

Definitions:

Parietal lobe

A region of the cerebral cortex, located at the upper back area of the skull, involved in processing sensory information and spatial orientation.

Sensations

Perceptions or feelings resulting from the stimulation of the sensory organs by the external environment.

Brain

The complex organ located in the skull that coordinates mental functions, interprets sensory information, and directs behavior.

Reflex

An involuntary and automatic reaction or response to a stimulus.