Use the Following to Answer Questions

question 177

Multiple Choice

Use the following to answer questions:
Figure: Palm Oil
-(Figure: Palm Oil) Refer to the figure. Indonesian palm oil producers deforest tropical rainforests to grow the plants that excrete the oil. With this externality, what is the deadweight loss (if any) of producing palm oil?

• A) $100,000,000
• B) $200,000,000
• C) $400,000,000
• D) There is no deadweight loss.

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Definitions:

Ego

In psychoanalysis, refers to the component of the personality that is responsible for dealing with reality, balancing the demands of the id and superego.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Talkativeness

The tendency to engage in excessive talking, often characterized by the frequent and prolonged expression of thoughts, feelings, or information.

Organization

The act or process of structuring or arranging components in a systematic way to achieve goals or maintain order.