The Accumulation of High Levels of Mercury in Large Predatory

question 75

Multiple Choice

The accumulation of high levels of mercury in large predatory fish is a result of

• A) biomagnification.
• B) genetic modification.
• C) irradiation.
• D) food additives.

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Definitions:

Efficiency Loss

Reductions in combined consumer and producer surplus caused by an underallocation or overallocation of resources to the production of a good or service. Also called deadweight loss.

Perfectly Inelastic

A situation where the demand or supply for a good or service remains unchanged regardless of changes in its price.

Excise Tax

Is a tax applied on the sale or production for sale of specific goods within a country.

Incidence

Refers to how the burden of a tax is distributed between buyers and sellers in the market.