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Figure: Drums and Shoes Given the Graph of the Production

question 163

Multiple Choice

Figure: Drums and Shoes Figure: Drums and Shoes   Given the graph of the production possibilities frontier in the figure, which of the following statements is TRUE? A)  The country has 2 units of labor, and it takes 0.5 units of labor to produce 1 unit of either good. B)  The country has 3 units of labor, and it takes 1 unit of labor to produce 3 drums and 1 unit of labor to produce 3 1/3 pairs of shoes. C)  The country has 4 units of labor, and it takes 2 units of labor to produce 8 drums and 3 units of labor to produce 3 shoes. D)  The country has 5 units of labor, and it takes 1 unit of labor to produce 1.8 drums and 1 unit of labor to produce 2.5 shoes. Given the graph of the production possibilities frontier in the figure, which of the following statements is TRUE?


Definitions:

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Health History

A record of an individual’s health events and medical conditions over time, crucial for effective health assessment and management.

Fairness

The quality of making judgments that are free from discrimination or dishonesty, ensuring equitable treatment for all.

Critical Thinking

The mental activity that involves thoughtfully and adeptly forming concepts, using, examining, combining, and assessing data to come to a decision or judgement.

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