In the Ptolemaic Greek

question 32

Multiple Choice

In the Ptolemaic Greek. model of the universe, the stars are attached to the___________ .

• A) stadia
• B) deferent
• C) celestial sphere
• D) zodiac
• E) plane of the ecliptic

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Definitions:

Economic Profits

Profits exceeding the opportunity costs of all inputs, indicating a return beyond the norm expected in the market or industry.

Industry

A sector of the economy characterized by a specific type of activity or product, such as manufacturing, technology, or services.

Firms

Business organizations that produce goods or provide services with the aim of making a profit.

Resources

Assets, materials, and inputs needed for the production of goods and services, including natural, human, and capital resources.