The Graphs Above Show the Production Possibilities Curves for the U.S.and

question 19

Multiple Choice

The graphs above show the production possibilities curves for the U.S.and Canada,which both produce cars and wheat.
Based on the graphs above,which of the following is true?

• A)The opportunity cost of a car in the U.S. is 1 unit of wheat.
• B)The opportunity cost of a car in the U.S. is 5 units of wheat.
• C)The opportunity cost of a car in Canada is 1/2 unit of wheat.
• D)The opportunity cost of a car in Canada is 2 units of wheat.

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Definitions:

UCC

Known as the Uniform Commercial Code, this significant body of law sets the standards for commercial transactions throughout the United States.

Uniform

Consistently the same in character or degree; in legal contexts, it often refers to laws that are the same across all jurisdictions within a certain area.

Preincorporation Contract

Agreements entered into on behalf of a corporation not yet formally established, often by its founders or promoters.

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution grants citizenship to all persons born or naturalized in the U.S. and guarantees all citizens equal protection of the laws, significantly impacting civil rights.