The Table Below Shows Units of Wheat and Cloth Produced

question 93

Multiple Choice

The table below shows units of wheat and cloth produced by each worker per day in both the countries.Table 20.1

-According to Table 20.1, the opportunity cost of producing cloth in the U.S. equals:

• A)2 units of wheat.
• B)half a unit of wheat.
• C)3 units of wheat.
• D)one-third of a unit of wheat.
• E)6 units of wheat.

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Definitions:

Minimum Score

A predetermined lowest acceptable performance, achievement, or quality level.

Statistical Approach

A method involving the collection, analysis, interpretation, and presentation of data to solve problems or make decisions.

Objective Approach

A method or perspective that is based on facts and devoid of personal feelings or biases, aiming for impartiality and accuracy.

Selection Procedures

The processes and methods used by an organization to identify, evaluate, and choose the most suitable candidates for a position.