Use the Following to Answer Questions

question 289

Multiple Choice

Use the following to answer questions :
Figure: Comparative Advantage
Eastland and Westland produce only two goods, boxes of peaches and boxes of oranges, and this figure shows each nation's production possibility frontier for the two goods.
-(Figure: Comparative Advantage) Look at the figure Comparative Advantage. The opportunity cost of producing 1 box of peaches for Westland is _____ box(es) of oranges.

• A)1
• B)0.25
• C)4
• D)10

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Definitions:

Inference Forms

Standard logical structures that outline the relationship between premises and conclusion, guiding the derivation of the latter from the former.

MP

A shorthand for "Member of Parliament," a representative elected to the legislative body of a country. Alternatively, in logic, it could stand for "Modus Ponens," a form of argument where from premises "If P, then Q" and "P," one concludes "Q."

Inference Forms

Structures of reasoning that establish a conclusion based on one or more premises.

MP

Stands for Modus Ponens, a crucial concept in formal logic entailing that from premises of the form "If P, then Q" and "P is true," one can conclusively deduce "Q must be true."