-The Figure Above Shows the Production Possibilities Frontier for a Country.If

question 41

Multiple Choice

-The figure above shows the production possibilities frontier for a country.If the economy is operating at point B,then the opportunity cost of another million gallons of milk is

• A) 4 gallons of ice cream for a gallon of milk.
• B) 3 gallons of ice cream for a gallon of milk.
• C) 1 gallon of ice cream for a gallon of milk.
• D) 1/3 of a gallon of ice cream for a gallon of milk.
• E) zero because after producing another million gallons of milk then zero gallons of ice cream are produced.

---

Definitions:

Agency Thinking

The cognitive process that leads individuals to believe they can influence their own actions and the environment around them.

Willpower

refers to the ability to control impulses and delay short-term gratification for long-term objectives.

Commitment

The state or quality of being dedicated to a cause, activity, or goal.

Optimistic Biases

The tendency to believe that we are less likely to experience negative events and more likely to experience positive events compared to others.