The Production Possibilities for Country X Are Either 6000 Bushels

question 101

Multiple Choice

The production possibilities for country X are either 6000 bushels of soybeans or 10,000 bushels of wheat.The production possibilities for country Y are 2000 bushels of soybeans and 4000 bushels of wheat.Which of the following is true?

• A) Country Y should specialize in the growing of soybeans according to the principle of comparative advantage.
• B) Country X is the least-cost producer of wheat.
• C) The domestic opportunity cost of wheat production is lower in country Y.
• D) The high cost producer of soybeans is country X.
• The opportunity cost of producing wheat is ³/₅ in country X and ½ in country Y.

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Definitions:

Transference

A phenomenon in psychotherapy where the patient projects feelings and attitudes from past relationships onto the therapist.

Unconditional Acceptance

The complete and total acceptance of an individual regardless of their actions, behaviors, or beliefs, often considered a crucial component in therapeutic settings.

Transactional Analysis

A psychoanalytic theory and therapy wherein social transactions are analyzed to determine the ego state of the communicator as a basis for understanding behavior.

Human Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual, distinguishing one person from another.