A Country Produces Only Apples and Bananas

question 40

Multiple Choice

A country produces only apples and bananas.Moving from point A to point B along its production possibilities frontier,5 apples are gained and 4 bananas are forgone.What is the opportunity cost of an apple?

• A)1 apple
• B)5/4 of a banana
• C)4 bananas
• D)4/5 of a banana
• E)None of the above answers is correct.

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Definitions:

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through argument, reasoning, or appeal.

Reminder

A prompt or signal designed to jog someone's memory about a task, event, or other commitment, often used in personal and professional settings to ensure timely actions.

Installment Account

A financial account that allows borrowing or the purchase of goods, with repayment made in predetermined, periodic amounts over time.

Open Charge Account

A credit account that allows the account holder to purchase goods or services on credit and pay for them at a later date.