Use the Following to Answer Question(s): Production Possibilities for Machinery

question 33

Multiple Choice

Use the following to answer question(s) : Production Possibilities for Machinery and Petroleum

-(Exhibit: Production Possibilities for Machinery and Petroleum) Assuming constant costs in the neighborhood of their current levels of production, the exhibit shows the number of units of machinery each country would have to forgo in order to produce the additional petroleum indicated.The opportunity cost in the United States of producing 60 units of petroleum is _______ units of machinery.

• A) 60
• B) 80
• C) 100
• D) 120

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally dangerous and harmful.

Forced Labor

Forced labor is work that individuals are compelled to do against their will, under threat of punishment or other forms of coercion, often in exploitative conditions.

Performance Contingency

A situation or condition where the outcome or success of a process or task is dependent on certain factors or performances being met.

Availability

The state of being readily accessible or obtainable when needed.