If Countries a and B Produce Only Either Rubber Bands

question 42

Multiple Choice

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules. $\begin{array} { | c | c | c | } \hline\text { Country } & \begin{array} { c } \text { Rubber } \\\text { Bands }\end{array} & \text { Paper clips } \\\hline \mathbf { A } & 40 & 80 \\\hline \mathbf { B } & 10 & 40 \\\hline\end{array}$ In country A the opportunity cost of 1 paper clip is

• A) 2 rubber bands.
• B) 1 rubber band.
• C) 1/2 rubber band.
• D) 1/4 rubber band.

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Definitions:

Serial-Position Effect

The tendency to recall the first and last items in a list more easily than those in the middle.

Eyewitness Recall

The process by which individuals remember and report events they have observed, significantly relevant in the context of legal testimony.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment, a concept introduced by B.F. Skinner.

Classical Conditioning

A form of learning in which a previously neutral stimulus becomes associated with a stimulus that naturally produces a response.