The Principle That Landscape Formation Is Balance Between Endogenic and Exogenic

question 9

Multiple Choice

The principle that landscape formation is balance between endogenic and exogenic processes is called

• A)the dynamic equilibrium model.
• B)uniformitarianism.
• C)catastrophism.
• D)steady state theory.
• E)tipping point model.

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Definitions:

Autarky

An economic system wherein a country or entity is self-sufficient and does not engage in international trade.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive, representing the benefit to producers.

Total Surplus

The total net gain to consumers and producers from trading in a market; the sum of the producer surplus and the consumer surplus.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.