The line of maximum possible output on a production possibility graph is also called

A. the goal.

B. the most efficient outcome.

C. the desirable quarter result.

D. the production possibility frontier.

D. the production possibility frontier.

Real Estate tax is a good example of property tax.

Property tax is a levy on the property of the owner. It is a tax that the owner has to pay annually to the local government where the property is located.

Property tax is imposed on land and buildings as well as on the improvement done on the buildings.