Table 3.1 Output Per Hour Worked

question 28

Multiple Choice

Table 3.1
Output per Hour Worked

-Based on Table 3.1,the opportunity cost of a pair of shoes in the United States is

• A)three computers.
• B)two computers.
• C)one computer.
• D)one-half computer.

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Definitions:

CCA Class

Refers to the categories under the Canadian tax system specifying the depreciation rate that can be claimed on assets for tax purposes.

Tax Shield

A reduction in taxable income for an individual or corporation achieved through allowable deductions such as mortgage interest, medical expenses, or depreciation.