Production Possibilities Tables for Two Countries, North Cantina and South

question 6

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 table below. According to the production possibilities schedule for the economy which produces two products, a combination of four tanks and 650 autos is: Production Possibilities

• A) attainable, but involves an efficient use of society's resources.
• B) attainable, but would not be in the best interests of a strong national defence.
• C) not attainable because it is not listed in the schedule.
• D) not attainable because society does not have sufficient resources to produce this combination.

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Definitions:

Downward Sloping

Describes a line on a graph that shows a decrease in one variable as another variable increases, often used to illustrate laws of demand in economics.

Negatively Related

A term used to describe two variables that move in opposite directions; as one increases, the other decreases.

Same Direction

A term indicating that two or more variables move in tandem, either increasing or decreasing together.

Y-variable

In statistical modeling and experiments, the dependent variable that is influenced or predicted by another variable (X-variable), used to measure outcomes or results.