IS Landia production possibilities: A B 8 Fish 6 4 2 Chips 0 10 20 30 Fish Chips с Scandia production possibilities: D 0 A B с 16 12 8 4 12 24 36 D E 0 40 E 0 48 Refer to the above data. The domestic opportunity cost of 1 fish in Landia is: A) 10 chips. B) 2 chips. C) 4 chips. D) 5 chips.

IS Landia production possibilities: A B 8 Fish 6 4 2 Chips 0 10 20 30 Fish Chips с Scandia production possibilities: D 0 A B с 16 12 8 4 12 24 36 D E 0 40 E 0 48 Refer to the above data. The domestic opportunity cost of 1 fish in Landia is: A) 10 chips. B) 2 chips. C) 4 chips. D) 5 chips.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue. 

Question

IS
Landia production possibilities:
A B
8
Fish
6
4
2
Chips 0 10 20 30
Fish
Chips
с
Scandia production possibilities:
D
0
A B с
16
12
8
4
12 24 36
D
E
0
40
E
0
48
Refer to the above data. The domestic opportunity cost of 1 fish in Landia is:
A) 10 chips.
B) 2 chips.
C) 4 chips.
D) 5 chips.

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