Moving Between Two Points on a PPF,a Country Gains 6

question 18

Multiple Choice

Moving between two points on a PPF,a country gains 6 automobiles and forgoes 3 trucks.The opportunity cost of 1 automobile is

• A) 3 trucks.
• B) 6 automobiles - 3 trucks.
• C) 2 trucks.
• D) 1/2 of a truck.
• E) 1 automobile.

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Definitions:

Degrees Of Freedom

The number of independent values in a statistical calculation that can vary without violating the calculation's constraints.

F Distribution

A probability distribution used in analysis of variance (ANOVA), particularly in the context of comparing variances across different groups.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often reflecting the number of independent pieces of information.

Variance

A statistical measure of the spread between numbers in a dataset, indicating how much the elements differ from the mean.