An ecosystem service, such as bee pollination, is dramatically increase because of reduction in pesticide use. How would this influence the opportunity cost for an apple orchard that relies on bees for pollination of their apple trees?
A) It would not affect the opportunity cost
B) It would increase the opportunity
C) It would decrease the opportunity cost
D) From an economic standpoint, opportunity cost should not be an issue
E) None of the above
Correct Answer:
Verified
Q15: The primary goal of a market-oriented economy
Q16: Economics approach is called anthropocentric because
A) Environmental
Q17: The provision of ecosystem services
A) Are essential
Q18: The natural environment is assumed to depend
Q19: The opportunity cost of a particular activity
A)
Q21: Consider the following substitution possibility graph. Assume
Q22: Consider the following substitution possibility graph. Assume
Q23: A free market system
A) Allows for the
Q24: Correcting for possible market price distortions
A) Is
Q25: In the factor market,
A) Supply provides information
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