Use the Following to Answer Questions

question 193

Multiple Choice

Use the following to answer questions:
-(Table: Production Possibilities for Machinery and Petroleum) Look at the table Production Possibilities for Machinery and Petroleum. In the United States the opportunity cost of producing 40 units of machinery is _____ units of petroleum.

• A)80
• B)60
• C)40
• D)20

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Definitions:

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Officially permitted to perform a particular activity or to operate under particular standards set by a regulatory authority.

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A school that operates independently of the public school system and is funded through tuition, private grants, and donations.

Tuition Charges

Fees charged by educational institutions to cover costs associated with instruction and other services provided to students.

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Funds or properties donated to institutions, organizations, or individuals, intended to support ongoing achievements or livelihood.