Table 62 -Refer to Table 6

question 51

Multiple Choice

Table 6.2
$$\begin{array}{l}\text { Table } 6.2\\\begin{array} { | c | c | c | } \hline \text { Year } & \text { Price of apples } & \text { Price of oranges } \\\hline 2016 & \$ 3.00 & \$ 1.00 \\\hline 2017 & \$ 4.00 & \$ 2.00 \\\hline\end{array}\end{array}$$
-Refer to Table 6.2 of a consumer's basket that consists of apples and oranges. The consumer buys 2 units of apples and 4 units of oranges every year. What is the consumer price index for 2017 if the base year is 2016?

• A) 100
• B) 150
• C) 120
• D) 160
• E) 130

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Definitions:

Overuse

The excessive use of a resource, leading to its depletion or degradation.

Drop-in-the-bucket Problem

A metaphorical expression indicating a situation where the effort or resources are too insignificant to make a noticeable difference in a larger context.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by everyone and one person's use doesn't reduce availability to others.

Common Resource

A resource like air or water that offers users tangible benefits but is difficult to exclude non-payers from using, often leading to overuse.