Which of the Following Mass Movements Is Most Likely to Occur

question 69

Multiple Choice

Which of the following mass movements is most likely to occur in a geologic setting where the rock strata are inclined?

• A) rockslide
• B) debris flow
• C) creep
• D) slump

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Definitions:

Implicit Costs

The opportunity costs that arise from using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.

Normal Profit

The lowest amount of profit a company must earn to stay competitive and cover its opportunity costs.

Implicit Costs

Implicit costs, also known as imputed or opportunity costs, are the costs of resources owned by the firm that are used in its own production process.

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs in the production process.