$\text {Table \(35.1\)}$ $\text {Full-Employment Output of Goods}$ Based on the Information in Table 35

question 76

Multiple Choice

$\begin{array}{|c|c|c|}\hline \text { Country } & \text { Tons of Sovbeans } & \text { Computers } \\\hline \text { China } & 100 & 300 \\\hline \text { United States } & 150 & 750 \\\hline\end{array}$

$\text {Table \(35.1\) }$
$\text {Full-Employment Output of Goods}$ Based on the information in Table 35.1, assume China and the United States have the same amount of resources with which to produce soybeans and computers and they produce no other goods.The opportunity cost of producing 1 computer in China is

• A)1/3 of a ton of soybeans.
• B)1/4 of a ton of soybeans.
• C)3 tons of soybeans.
• D)4 tons of soybeans.

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Definitions:

Mean

The average value in a set of numbers, determined by dividing the sum of all values by the count of numbers.

Distribution

The process of giving out something to multiple recipients, or the statistical arrangement of values within a dataset.

Mode

The value that occurs most frequently in a given set of data.

Distribution

In statistics, a mathematical representation of the observed or possible frequencies of occurrences of a range of outcomes.