A Community Is Composed of

question 7

Multiple Choice

A community is composed of

• A)potentially interacting populations of different kinds of organisms.
• B)one species of organism living in a specific environment on Earth.
• C)the factors that constitute an organism's niche.
• D)living organisms and their nonliving environment.

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Definitions:

Social Cost

The total cost to society, including both private costs borne by producers and external costs borne by others outside the production process.

Carbon Fee

A charge imposed on the carbon content of fossil fuels, aimed at reducing carbon dioxide emissions.

Coase Theorem

An economic theory proposing that if trade in an externality is possible and there are no transaction costs, parties can negotiate solutions to conflicts that lead to an efficient outcome regardless of the initial allocation of property rights.

Pollution Tax

A tax levied on the amount of pollution emitted by firms to incentivize reduction in environmental harm.