Table 1.1 shows the hypothetical trade-off between different combinations of Stealth bombers and B-1 bombers that might be produced in a year with the limited U.S. capacity, ceteris paribus.Table 1.1Production Possibilities for BombersCombinationNumber of B-1 BombersOpportunity cost (Foregone Stealth)Number of Stealth BombersOpportunity cost (Foregone B-1)S0NA10 T1 9 U2 7 V3 4NAOn the basis Table 1.1, what is the opportunity cost of producing at point V rather than point U?

The benefit from a good or service that you purchase is measured by

A) the dollar amount that is paid for the good or service. B) the dollar amount you can get by selling the good or service. C) what you are willing to give up to obtain the good or service. D) how strong the incentives were that led to buying the good or service. E) None of the above answers is correct because there is no way to measure the benefit you receive from purchasing a good or service.

During the demographic transition the population growth rate

a. slows down b. rises c. rises and then slows down d. increases in spurts followed by long periods of stagnancy e. none of the above