Figure 2.5 -Refer to Figure 2.5.What Is the Opportunity Cost of Moving

question 64

Multiple Choice

Figure 2.5
-Refer to Figure 2.5.What is the opportunity cost of moving to point B if the economy is currently producing at point A?

• A)8 thousand wrenches
• B)6 thousand hammers
• C)30 thousand wrenches
• D)23 thousand hammers

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.