-The Above Table Shows Production Combinations on a Country's Production

question 403

Multiple Choice

-The above table shows production combinations on a country's production possibilities frontier. What is the opportunity cost of increasing the production of X from 0 to 3 units?

• A) 40 units of good Y per unit of good X
• B) 3 units of good Y per unit of good X
• C) 4/3 units of good Y per unit of good X
• D) 0 units of good Y per unit of good X

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Definitions:

Census Family

A concept used in demography to describe a household unit consisting of a married couple or common-law partners, with or without children, or a lone parent with at least one child.

Family Life Cycle

A series of stages through which a family may progress over time, including changes in family structure and roles as members age or events such as marriage or childbirth occur.

Family Values

Cultural, social, or religious beliefs that emphasize the importance of the family unit.

Boomerang Kids

Adult children who return to live with their parents after having lived independently, often due to economic constraints, personal choice, or transitioning life stages.