This Table Shows How Much Cotton and Cocoa Can Be

question 86

Multiple Choice

This table shows how much cotton and cocoa can be produced in Peru and Brazil with one unit of equivalent resources.
TABLE 32-4
-Refer to Table 32-4.The opportunity cost of a bale of cotton in Brazil is

• A)4 bushels of cocoa beans.
• B)6 bushels of cocoa beans.
• C)1/6 bushels of cocoa beans.
• D)1 bushel of cocoa beans.
• E)2 bushels of cocoa beans.

Interpret data on price, quantity demanded, and quantity supplied, recognizing linear and nonlinear relationships.

Distinguish between dependent and independent variables in graphical representations.

Recognize errors in causality interpretations from graphical data.

Understand the significance of omitted variables and reverse causality in statistical analysis.