-A Farmer Has 100 Acres of Land on Which He

question 301

Multiple Choice

-A farmer has 100 acres of land on which he can grow soybeans or corn. An acre of land yields 200 bushels of soybeans or 100 bushels of corn. The above figure refers to the farmer's

• A) production possibilities curve.
• B) substitution options curve.
• C) demand curve.
• D) opportunity cost curve.

---

Definitions:

Analytical Comparisons

Comparisons between groups that are part of a larger research design.

Specific Hypothesis

A precise statement or prediction about the relationship between two or more variables that can be tested.

Analytic Comparisons

Comparisons made using systematic logical reasoning to explore differences or similarities between datasets or variables.

Unplanned Comparisons

Comparisons not been built into a research design prior to data collection.