Use the Following to Answer Questions

question 294

Multiple Choice

Use the following to answer questions :
-(Table: Coffee and Salmon Production Possibilities) Look at the table Coffee and Salmon Production Possibilities. The table shows the maximum amounts of coffee and salmon that Brazil and Alaska can produce if they just produce one good. The opportunity cost of producing 1 unit of salmon for Alaska is:

• A)2 coffees.
• B)0.25 coffee.
• C)1 coffee.
• D)0.5 coffee.

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Definitions:

Personal Income Taxes

Taxes levied on individuals or households based on their income level, contributing to government revenue and affecting disposable income.

Corporate Income Taxes

Taxes imposed by governments on the income earned by businesses and corporations.

Sales and Excise Taxes

Taxes imposed on the sale of goods and services (sales tax) and on specific goods like gasoline and alcohol (excise tax), respectively.

Afferent Fibers

Nerve fibers that carry sensory information from the body's periphery towards the central nervous system.