Match Each Key Concept with Its Correct Description

question 86

Multiple Choice

Match each key concept with its correct description.
-biological magnification

• A)acid rain
• B)global climate change
• C)hole in the ozone layer
• D)nonrenewable energy
• E)renewable energy
• F)desertification
• G)deforestation
• H)ecological restoration
• I)Great Pacific Garbage Patch
• J)Bluefin tuna

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Definitions:

Distortionary Tax

A tax that causes people to alter their behavior and make different economic decisions than they would in a free market, potentially leading to inefficiency.

Efficiency

The extent to which resources are utilized optimally to achieve desired outcomes with minimum waste or effort.

Second Best

A concept in economics that suggests if all optimal conditions cannot be satisfied, the second-best option should be pursued.

Distortionary Tax

Taxes that cause people to alter their behavior in a way that distorts the allocation of resources from their most efficient uses.