Following Is the Production Possibilities Schedule for an Economy Producing

question 10

Multiple Choice

Following is the production possibilities schedule for an economy producing two goods Good A and GoodB.
Table 2.1

-Refer to Table 2.1.Identify the correct statement.

• A)This economy can produce 100 units of A and 20 units of B.
• B)The opportunity cost of producing more of A decreases as A increases.
• C)The opportunity cost of producing more of B decreases as B increases.
• D)This economy can produce 70 units of A and 40 units of B.
• E)If this economy fully and efficiently employs all its resources,it can produce 100 units of A and 80 units of B.

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Definitions:

Prefrontal Areas

Regions of the frontal lobes of the brain that are involved in complex behaviors including planning, decision-making, and moderating social behavior.

Amygdala

A small almond-shaped structure in the tip of the temporal lobe that plays a role in emotional behaviour.

Paranoid

A mental state characterized by persistent delusions of persecution or unwarranted mistrust and suspicion of others.