At a Point on a Production Possibilities Curve, Opportunity Cost

question 153

Multiple Choice

At a point on a production possibilities curve, opportunity cost of more capital goods today is

• A) fewer capital goods in the future.
• B) fewer consumer goods in the future.
• C) fewer consumer goods today.
• D) more unemployed resources in the future.

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Definitions:

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Educational Researcher

A professional who studies and analyses processes related to education and learning methodologies, aiming to improve educational systems and outcomes.

Positive Correlation

A relationship between two variables where an increase in one variable is associated with an increase in the other.

Independent Variable

In research, a variable that is manipulated or changed to observe its effects on a dependent variable.