Refer to the Figure Shown,which Represents the Production Possibilities Frontiers

question 79

Multiple Choice

Refer to the figure shown,which represents the production possibilities frontiers for Countries A and B.Which of the following statements is true? The opportunity cost of a truck in Country B is:
A.12 cars.
B.4 trucks.
C.1.5 cars
D.3 cars.

• A)measures the opportunity cost of trucks in terms of cars.
• B)measures the trade-off that Country A face when deciding how to allocate resources.
• C)is constant because the opportunity cost remains constant.
• D)All of these statements are true.

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Definitions:

Republicanism

A political belief system focused on the concept of citizenship within a republic, where sovereignty is vested in the populace.

Liberalism

An approach towards politics and ethics that advocates for individual liberty, the agreement of the governed, and uniformity in legal standards.

European Enlightenment

An intellectual movement in 17th and 18th centuries emphasizing reason and individualism rather than tradition; heavily influencing the development of Western philosophy, political thought, and society.

Deism

Enlightenment thought applied to religion; emphasized reason, morality, and natural law.