The Line Separating the Dark Half of Earth from the Lighted

question 15

Multiple Choice

The line separating the dark half of Earth from the lighted half is called the_____ .

• A) Circle of Illumination
• B) International date line
• C) Tropic of Cancer
• D) Antarctic Circle

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Definitions:

Consumer Surplus

The distinction between the aggregate amount consumers are inclined and capable of paying for a service or product and what they actually disburse.

Minimum Imposed Price

A price floor set by the government or a regulatory body, below which the price of a good or service cannot fall.

Producer Surplus

The difference between the amount producers are willing and able to supply a good for and the actual amount received by them when the good is sold.

Consumer Surplus

The variance between the price consumers are ready to offer for a good or service and the price they actually incur.