Table 2-14 Table 2-14 Shows the Number of Labor Hours

question 342

Multiple Choice

Table 2-14
Table 2-14 shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.
-Refer to Table 2-14. What is Ireland's opportunity cost of producing one motorcycle?

• A) 0.2 guitar
• B) 5 guitars
• C) 8 guitars
• D) 32 guitars

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Definitions:

Superego

The component of the psyche in Freudian psychoanalytic theory that represents internalized societal norms and morals, acting as a counter to the id.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality, playing a key role in decision making and maintaining one's sense of self.

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it accordingly, often in contrast with the pleasure principle.

Unconscious

Refers to the part of the mind that is inaccessible to the conscious mind but affects thoughts and behaviors.