Figure 10-12 -Refer to Figure 10-12. Suppose, on the Figure, Q Represents

question 364

Multiple Choice

Figure 10-12
-Refer to Figure 10-12. Suppose, on the figure, Q represents the quantity of education and P represents the price of education. Then the quantity represents

• A)an inefficiency.
• B)the extent of the negative externality that pertains to the market for education.
• C)the amount of the tax that would be required to correct the negative externality that pertains to the market for education.
• D)the amount of the subsidy that would be required to correct the positive externality that pertains to the market for education.

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Definitions:

Dictyostelium Discoideum

A species of soil-living amoeba that is a model organism in molecular biology and genetics.

Streptococcus Mutans

A species of bacteria that is a major contributor to tooth decay and cavities due to its ability to produce acid from sugars.

Cyanobacteria

Photosynthetic bacteria that produce oxygen as a byproduct of photosynthesis, found in various aquatic environments and historically significant for oxygenating the Earth's atmosphere.

Atmospheric Oxygen

The oxygen that is part of Earth's atmosphere, essential for the respiration of most living organisms and a product of photosynthesis.