You Have $1 to Spend on a Vending Machine Snack

question 153

Multiple Choice

You have $1 to spend on a vending machine snack.A bag of chips will cost you $1 and a candy bar will also cost you $1.If you choose the bag of chips,the opportunity cost of buying the chips is:

• A)$1 plus the enjoyment you would have received from the candy bar.
• B)$2 minus the enjoyment you received from the bag of chips.
• C)$1.
• D)the enjoyment you would have received from the candy bar.

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Definitions:

Subsidies

Financial support provided by the government to assist industries, businesses, or individuals, often used to stabilize prices, encourage development, or ensure supply.

Pollution Control Equipment

Devices or systems used to reduce or eliminate the release of pollutants into the environment, including air, water, and soil.

Tax Dollars

Money collected from individuals and businesses by the government through various forms of taxation, used to fund public services and infrastructure.

Green Taxes

Green taxes, also known as environmental taxes, are levied on goods and services that cause environmental pollution, aiming to encourage eco-friendly practices by increasing the cost of harmful activities.