Answer the Question on the Basis of the Following Production

question 21

Multiple Choice

Answer the question on the basis of the following production possibilities data for Landia and Scandia: Landia Production Possibilities:

$\begin{array} { l c c c c c } & \underline { A } & \underline { B } & \underline { C } & \underline { D } & \underline { E } \\\text { Fish }&8&6&4&2&0\\ \text { Chips } & 0 & 10 & 20 & 30 & 40 \end{array}$

Scandia Production Possibilities:

$\begin{array} { c c c c c } &\underline { A } & \underline { B } & \underline { C } & \underline { D } & \underline { E } \\\text { Fish } &16 & 12 & 8 & 4 & 0 \\\text { Chips } &0 & 12 & 24 & 36 & 48 \end{array}$ Refer to the given data.If Landia and Scandia fully specialize based on comparative advantage,their aggregate output will be:

• A) 48 chips and 8 fish.
• B) 40 chips and 16 fish.
• C) 36 chips and 10 fish.
• D) 42 chips and 12 fish.

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Definitions:

Retained Students

Students who have not progressed to the next academic grade or level as expected, often due to academic or other challenges.

Significance Level

A threshold for determining the probability of rejecting the null hypothesis in a statistical test, typically set before the data is collected.

Sample Data

A subset of data collected from a larger population, used for statistical analysis.

P-value

The likelihood of achieving outcomes in a test that are at least as significant as the observed results, assuming the null hypothesis is true.