-Refer to the Above Table

question 55

Multiple Choice

-Refer to the above table.If the economy is producing at production alternative C,the opportunity cost of the tenth unit of consumer goods will be:

• A) 4 units of capital goods.
• B) 2 units of capital goods.
• C) 3 units of capital goods.
• D) ¹/₃ of a unit of capital goods.

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Definitions:

Pollution Tax

A financial charge imposed on the emission of pollutants, intended to motivate reductions in harmful environmental discharges.

Unit of Production

A single complete item or a specified amount of a commodity produced.

Positive Externality

An economic situation where a third party benefits from a transaction or activity they are not directly involved in.

Negative Externality

A cost suffered by a third party due to an economic transaction or activity, without compensation, such as pollution from a factory affecting nearby residents.