Table 12-2 -Refer to Table 12-2.The Price of a Weekend Ski Pass

question 8

Multiple Choice

Table 12-2

-Refer to Table 12-2.The price of a weekend ski pass is $138 and this price reflects the actual unit cost of providing a weekend of skiing.If the government imposes a tax of $15 on each weekend ski pass,what is the deadweight loss associated with the tax

• A)$2
• B)$37
• C)$52
• D)$79

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Definitions:

TEA

Total Entrepreneurial Activity; a metric used to measure the percentage of the adult working-age population who are either a nascent entrepreneur or owner-manager of a new business.

North America

A continent located entirely within the Northern Hemisphere and almost all within the Western Hemisphere, consisting of countries such as the United States, Canada, and Mexico.

Social Entrepreneurship

A form of entrepreneurship that focuses on resolving social issues and making a positive impact on society through innovative and sustainable business models.

Corporate Social Responsibility

A business model that incorporates sustainable development into a company's operations, focusing on social, environmental, and economic responsibilities.