Table 2-19 Table 2-19 Shows the Output Per Month of Month

question 427

Multiple Choice

Table 2-19
Table 2-19 shows the output per month of two people, Wilma and Betty. They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-19. What is Betty's opportunity cost of making a bench?

• A) 1/2 of a statue
• B) 2 statues
• C) 1.75 benches
• D) 2.8 statues

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Definitions:

Devolution Movement

A political effort to transfer powers from central government to regional or local governments, often seen in the context of decentralization.

Nationalist Movements

Political groups and ideologies that advocate for the self-determination of a nation and the promotion of its culture, interests, and values.

Megacorporations

Large, powerful companies that wield significant economic, political, and social influence, often operating on a global scale.

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.