The opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.
<h3>What are opportunity costs?</h3>
Opportunity costs are the benefits of an alternative decision when the decision maker rejects the alternative.
For instance, the opportunity cost of going to college is the earnings forgone.
The opportunity cost is computed as the lost benefit when an alternative decision is not pursued.
Fractionally, the opportunity cost of producing one product A) to another (B) = Units of B / Units of A.
<h3>Data and Calculations:</h3>
United States opportunity cost to produce diamonds = 60/10 = 6
United States opportunity cost to produce corns = 10/60 = 1/6
Congo's opportunity cost to produce diamonds = 20/5 = 4
Congo's opportunity cost to produce corn = 5/20 = 1/4
Thus, the opportunity cost for the Congo to produce additional diamonds is <u>C. 4 thousand units of corn</u>.
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Answer:
command economy. here's the definition of command economy:
"A command economy is an economic system where the government has control over the production and pricing of goods and services."
What are the answers to help
Options: A) measured. B) developed. C) improved. D) swapped.
Answer:A) measured
Explanation:Sir Francis Galton is an English anthropologist, Statistician expert, Psychologist and Eugenicist, he is famous for his researches in the field Human intelligence and Eugenics.
Sir Francis Galton is also noted for creating the terms currently used in Mathematics and statistic known as CORRELATION AND REGRESSION.
ACCORDING TO FINDINGS OF SIR FRANCIS IN THE FIELD OF PSYCHOLOGY,THE PSYCHOLOGICAL TRAITS OF INDIVIDUALS CAN BE MEASURED.
