Table 3-20 Assume That Brad and Theresa Can Switch Between Producing Wheat

question 384

Multiple Choice

Table 3-20
Assume that Brad and Theresa can switch between producing wheat and producing beef at a constant rate.
-Refer to Table 3-20. What is Brad's opportunity cost of producing one bushel of wheat?

• A)5/6 pound of beef
• B)6/5 pounds of beef
• C)3/5 pounds of beef
• D)5/3 pounds of beef

---

Definitions:

Tribal Society

A form of society structured around family ties, with social organization typically based on clans or tribes.

Division of Labor

The separation of a work process into a number of tasks, with each task performed by a separate person or group, leading to increased efficiency.

Services

Economic activities that produce intangible goods or benefits, such as healthcare, education, banking, and entertainment, as opposed to tangible physical products.

The Wheel

A revolutionary invention enabling easier transportation and movement of goods, significantly impacting human civilization.