-According to the Above Table, Which Assumes That Opportunity Costs

question 137

Multiple Choice

-According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, which of the following statements is TRUE?

• A) Chen will be willing to produce only good X and trade units of that good to Holly as long as he receives more than 0.5 units of good Y from her in exchange.
• B) Holly will be willing to produce only good X and trade units of that good to Chen as long as she receives less than 2.5 units of good Y in exchange.
• C) Chen will be willing to produce only good Y and trade units of that good to Holly as long has he receives less than 2 units of good X from her in exchange.
• D) Holly will be willing to produce only good Y and trade units of that good to Chen as long as she receives less than 0.4 unit of good X in exchange.

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Definitions:

Socialized Power Motive

The drive to achieve influence or control for the greater good or benefit of the group, rather than for personal gain.

High Standing

Describes a position of respect, credibility, or high reputation within a specific context or community.

Humility

A personal quality characterized by a modest view of one's own importance, often leading to greater openness to new ideas and respect for others' opinions and abilities.

Achievement Drive

A personal motivation to set and accomplish challenging goals, regardless of obstacles or difficulties.