Table 2-17 Table 2-17 Shows the Output Per Week of Week

question 311

Multiple Choice

Table 2-17
Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. What is James's opportunity cost of making a tricycle?

• A) 2 tricycles
• B) 1/2 of a wagon
• C) 1/2 of a tricycle
• D) 3/4 of a wagon

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Definitions:

External Validity

The extent to which the results of a study can be generalized or applied to contexts outside the study conditions.

Telephone Surveys

A research method in which data is collected from respondents over the telephone to gather information on various topics.

Observational Study

A study where researchers observe and record behavior or outcomes without intervention to understand relationships between variables.

Variables Controlled

In experiments, these are the factors that researchers keep constant to prevent them from influencing the outcome of the study.