Which of These Is NOT an Example of Opportunity Cost

question 180

Multiple Choice

Which of these is NOT an example of opportunity cost?

• A)Lobster catchers in Point Judith,Rhode Island continued to trap lobsters at the cost of depleting the lobster population.
• B)President George W.Bush's administration has pushed for oil exploration in the Arctic National Wildlife Refuge in Alaska at the cost of environmental preservation.
• C)Lobster catchers in Port Lincoln,Australia paid a licensing fee for the right to own lobster traps.
• D)The "bridge to nowhere" to be built near Anchorage,Alaska comes at the cost of adding to the federal budget deficit.

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Definitions:

Progressive Tax Structure

A tax system in which the tax rate increases as the taxable amount increases, typically designed to distribute the tax burden more heavily on those with higher incomes.

High-income Receivers

Individuals or entities that receive a significantly higher amount of income compared to the median or average levels within a society or economic system.

Benefits-received Principle

A theory in taxation that argues taxpayers should pay taxes in proportion to the benefits they receive from government services.