The Carbon and Oxygen Cycles

question 5

Multiple Choice

The carbon and oxygen cycles

Which of the following is not a source of release of CO₂ to the atmosphere?

• A)plant and animal respiration
• B)burning of grasslands and forests
• C)fossil fuel combustion
• D)photosynthesis
• E)volcanic activity

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Definitions:

Deadweight Loss

When a good or service's free market equilibrium is not met, a reduction in economic efficiency occurs.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods and services.

Tariff or Quota

A government-imposed restriction on the quantity of goods that can be imported (quota) or a tax levied on imported goods (tariff).

Domestic Consumers

People or family units in a nation who buy products and services for their own consumption.