A Country Currently Is Using All Its Land to Produce

question 112

Multiple Choice

A country currently is using all its land to produce wheat and grapes.However,the land most suited to growing grapes is being used to produce wheat,and the land most suited to growing wheat is being used to produce grapes.This is an example of

• A) increasing opportunity costs
• B) involuntary unemployment
• C) productive inefficiency
• D) central planning
• E) communal ownership

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Definitions:

Premises

Statements or propositions that are presented as the basis for a conclusion, forming the groundwork of an argument or logical reasoning.

Independent

Not influenced by or dependent on something else; having the freedom to act, operate, or decide without being controlled by others.

Dependent

In statistical terms, a variable whose value is influenced or determined by another variable; in general, relying on someone or something else for support or existence.

Deductive Step

A logical step in which a conclusion follows necessarily from the given premises, ensuring that if the premises are true, the conclusion must also be true.