The Data in the Table Below Assumes That with the Same

question 52

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 34.2 According to Table 34.2, what is the opportunity cost of 1 computer in the Philippines?

• A)6 units of food
• B)Three-fifths of a unit of food
• C)One-sixth of a unit of food
• D)2 units of food
• E)1 unit of food

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Definitions:

Tentative Beliefs

Preliminary conclusions or hypotheses that are subject to validation or revision based on further evidence or analysis.

Null Hypothesis

The presumption that there is no significant difference or effect, often used as a default hypothesis in statistical testing that the experiment aims to reject.

Alternative Hypotheses

The hypothesis that proposes there is a statistically significant difference between two parameters or that a particular parameter is significantly different from a hypothesized value.

Type II Error

The error made when failing to reject a false null hypothesis, often referred to as a "false negative".