Production Possibilities Tables for Two Countries,North Cantina and South Cantina

question 224

Multiple Choice

Production possibilities tables for two countries,North Cantina and South Cantina:
North Cantina
Production possibilities (alternatives)
South Cantina
Production possibilities (alternatives)

-Refer to the above tables.If North Cantina is producing at production alternative B,the opportunity cost of the eleventh unit of consumer goods will be:

• A) 10 units of capital goods.
• B) ¹/₄ of a unit of capital goods.
• C) 8 units of capital goods.
• D) ¹/₈ of a unit of capital goods.

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Definitions:

Contacts

Individuals or entities that one knows, especially regarded as a source of information or in a professional context to gain advantages.

Social Capital

A term representing the networks, relationships, and norms that facilitate collective action within or among groups.

Social Ties

The connections and relationships between individuals or groups that can provide support, information, or access to resources.

Power

The power to shape or control the actions of others or steer the direction of events.