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

question 180

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 120 units of machinery is _______ units of petroleum.

• A) 80
• B) 60
• C) 40
• D) 20

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Definitions:

Hawthorne Effect

A phenomenon where individuals modify an aspect of their behavior in response to their awareness of being observed.

Student Observation

The process of systematically watching and noting the behaviors and skills of students, often used in educational settings to assess progress or identify needs.

Technology

The application of scientific knowledge for practical purposes, especially in industry or the development of devices, systems, or methods to solve problems.