Which point on this PPF graph represents a currently unobtainable output level for this economy?
- A. V
- B. X
- C. Y
- D. Z
Correct Answer & Rationale
Correct Answer: D
Point D represents a currently unobtainable output level for this economy because it lies outside the production possibilities frontier (PPF). The PPF illustrates the maximum efficient production of two goods, given the available resources and technology. Point A (V), Point B (X), and Point C (Y) are all located on or within the PPF, indicating feasible production levels that the economy can achieve. In contrast, Point D (Z) exceeds these capabilities, signifying an output level that cannot be realized with the current resources and technology. Thus, only Point D is unattainable.
Point D represents a currently unobtainable output level for this economy because it lies outside the production possibilities frontier (PPF). The PPF illustrates the maximum efficient production of two goods, given the available resources and technology. Point A (V), Point B (X), and Point C (Y) are all located on or within the PPF, indicating feasible production levels that the economy can achieve. In contrast, Point D (Z) exceeds these capabilities, signifying an output level that cannot be realized with the current resources and technology. Thus, only Point D is unattainable.
Other Related Questions
Which statement best describes a key aspect of the trade relationship between Grand Coast and Toland?
- A. Grand Coast has the advantage in both timber and fish.
- B. Toland has the comparative advantage in fish.
- C. Toland can produce timber at a lower opportunity cost than Grand Coast.
- D. Grand Coast can produce fish at a lower opportunity cost than Toland.
Correct Answer & Rationale
Correct Answer: D
In the context of trade relationships, opportunity cost is crucial. Grand Coast can produce fish at a lower opportunity cost than Toland, meaning it sacrifices less in terms of other goods when producing fish. This advantage allows Grand Coast to specialize in fish production, leading to more efficient trade. Option A is incorrect as it suggests Grand Coast has the advantage in both timber and fish, which is unlikely in a comparative advantage scenario. Option B misstates the comparative advantage, assigning it to Toland for fish, which contradicts the opportunity cost analysis. Option C incorrectly asserts that Toland has a lower opportunity cost for timber, which is not supported by the information provided.
In the context of trade relationships, opportunity cost is crucial. Grand Coast can produce fish at a lower opportunity cost than Toland, meaning it sacrifices less in terms of other goods when producing fish. This advantage allows Grand Coast to specialize in fish production, leading to more efficient trade. Option A is incorrect as it suggests Grand Coast has the advantage in both timber and fish, which is unlikely in a comparative advantage scenario. Option B misstates the comparative advantage, assigning it to Toland for fish, which contradicts the opportunity cost analysis. Option C incorrectly asserts that Toland has a lower opportunity cost for timber, which is not supported by the information provided.
Why were most of the passengers denied permission to enter Cuba?
- A. Cuba had already accepted all the refugees it could for that year.
- B. Cuba and Germany did not have diplomatic relations at that time.
- C. Cuba's president claimed their documents had been obtained illegally.
- D. It was feared that admitting them would create tension with Germany.
Correct Answer & Rationale
Correct Answer: C
Most passengers were denied entry because Cuba's president claimed their documents had been obtained illegally. This assertion directly impacted the legitimacy of their entry, making it a crucial reason for their denial. Option A is incorrect as it implies a quota issue rather than a legal matter. Option B is misleading; while diplomatic relations may affect policies, they were not the primary reason for the denial in this context. Option D suggests geopolitical concerns, but the immediate issue was the legality of the passengers’ documentation, which was the decisive factor in their rejection.
Most passengers were denied entry because Cuba's president claimed their documents had been obtained illegally. This assertion directly impacted the legitimacy of their entry, making it a crucial reason for their denial. Option A is incorrect as it implies a quota issue rather than a legal matter. Option B is misleading; while diplomatic relations may affect policies, they were not the primary reason for the denial in this context. Option D suggests geopolitical concerns, but the immediate issue was the legality of the passengers’ documentation, which was the decisive factor in their rejection.
Which basic principle of governance in the U.S. maintains that legislatures write the laws, executives carry out the laws, and courts interpret the laws?
- A. Federalism
- B. Limited government
- C. Separation of powers
- D. Popular sovereignty
Correct Answer & Rationale
Correct Answer: C
The principle of governance that ensures legislatures write laws, executives enforce them, and courts interpret them is known as the Separation of Powers. This framework prevents any one branch from becoming too powerful, promoting a system of checks and balances essential for democracy. Option A, Federalism, refers to the division of power between national and state governments, not the roles of branches. Option B, Limited Government, emphasizes restrictions on government power but does not specifically address the functions of branches. Option D, Popular Sovereignty, focuses on the authority of the people in governance, rather than the separation of government functions.
The principle of governance that ensures legislatures write laws, executives enforce them, and courts interpret them is known as the Separation of Powers. This framework prevents any one branch from becoming too powerful, promoting a system of checks and balances essential for democracy. Option A, Federalism, refers to the division of power between national and state governments, not the roles of branches. Option B, Limited Government, emphasizes restrictions on government power but does not specifically address the functions of branches. Option D, Popular Sovereignty, focuses on the authority of the people in governance, rather than the separation of government functions.
As used in the highlighted text, 'continental United States' means the area comprising the nation's
- A. entire territory.
- B. Western region.
- C. first 48 states.
- D. 50 states.
Correct Answer & Rationale
Correct Answer: C
The term 'continental United States' specifically refers to the contiguous landmass of the nation, which includes the first 48 states, excluding Alaska and Hawaii. Option A is incorrect as it suggests the entire territory, including non-contiguous states and territories. Option B is wrong because it only addresses a specific region, neglecting the rest of the country. Option D is misleading since it includes Alaska and Hawaii, which are not part of the continental landmass. Thus, the phrase accurately describes the first 48 states, making it the most precise choice.
The term 'continental United States' specifically refers to the contiguous landmass of the nation, which includes the first 48 states, excluding Alaska and Hawaii. Option A is incorrect as it suggests the entire territory, including non-contiguous states and territories. Option B is wrong because it only addresses a specific region, neglecting the rest of the country. Option D is misleading since it includes Alaska and Hawaii, which are not part of the continental landmass. Thus, the phrase accurately describes the first 48 states, making it the most precise choice.