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

question 78

Multiple Choice

Use the following to answer question(s) : Production Possibilities Schedule for Two Commodities

-(Exhibit: Production Possibilities Schedule for Two Commodities) Assuming constant costs in the neighborhood of their current levels of production, the exhibit shows the number of units of commodity X each country would have to forgo to produce the additional units of commodity Y indicated.Further assume that the only input is labor and that it remains fully employed.The cost to the United States of producing an additional unit of Y is _______ units of X.

• A) 2
• B) 3
• C) 6
• D) 12

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Definitions:

Union Growth

The process or trend of increasing membership and influence of labor unions, which advocate for the rights and interests of workers.