Following Is the Production Possibilities Schedule for an Economy Producing

question 25

Multiple Choice

Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1

-Refer to Table 2.1. According to the production possibilities schedule, in the table above, which of the following statements is true?

• A)Moving from choice 2 to choice 3, the opportunity cost of producing 20 more units of good B is 20 units of good A.
• B)There are increasing opportunity costs associated with producing more units of good B.
• C)Moving from choice 3 to choice 4, the opportunity cost of producing 20 more units of good B is 30 units of good A.
• D)Moving from choice 1 to choice 2, the opportunity cost of producing 20 more units of good B is 10 units of good A.
• E)All of these statements are true.

---

Definitions:

Conformity

The practice of aligning one's attitudes, beliefs, and actions with the norms, policies, or expectations of a group or society.

Compliance

The act of conforming, acquiescing, or yielding, often to a set of rules, standards, or demands.

Resistance

The act of opposing or struggling against something that is perceived as a challenge or a threat.

Foot-In-The-Door

A persuasion technique where a small initial request is made in order to gain compliance with a larger request later.