-Use the Above Table

question 49

Multiple Choice

-Use the above table. Assuming constant opportunity costs, the opportunity cost of producing donuts in country Alpha is ________, and the opportunity cost of producing donuts in country Beta is ________.

• A)1 donut; 0.17 donut
• B)1 donut; 6 donuts
• C)10 donuts; 12 pizzas
• D)0.2 pizza; 1.67 donuts

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in purchasing power.

Health Care Costs

Expenses related to the provision of health care services, including the cost of treatments, medications, medical procedures, and hospital stays.

Stock Market

a public market for buying and selling shares of publicly held companies, facilitating equity investments and capital raising for companies.

Family and Medical Leave Act

A U.S. labor law that provides employees with unpaid, job-protected leave for family and health-related reasons.