Answer the Question on the Basis of the Data Given $\quad$

question 185

Multiple Choice

Answer the question on the basis of the data given in the following production possibilities table: $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\text { Production Possibilities (Alternatives) }}$
$\begin{array}{ccccccc}&\underline{A}&\underline{B}&\underline{C}& \underline{D} &\underline{E}&\underline{F} \\ \text { Capital Goods } &5&4&3&2&1&0\\\text { onsumer Goods } & 0 & 5 & 9 & 12 & 14 & 15 \end{array}$ Refer to the table.For these data,the law of increasing opportunity costs is reflected in the fact that:

• A) the amount of consumer goods that must be sacrificed to get more capital goods diminishes beyond a point.
• B) larger and larger amounts of capital goods must be sacrificed to get additional units of consumer goods.
• C) the production possibilities data would graph as a straight downsloping line.
• D) the economy's resources are presumed to be scarce.

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Definitions:

Psychological Essentialist View

The belief that certain categories, particularly living things, have an underlying reality or true nature that one cannot observe directly but gives an object its identity.

Observable Properties

Characteristics or aspects of objects or phenomena that can be detected and measured through the senses or with the aid of scientific instruments.

Categorization

The process of grouping items or concepts based on shared characteristics or attributes.

Superordinate

A term used to describe a higher-level or more general category in classification systems to which subcategories belong.