An Area of Land That Is Drained by a Single

question 23

Multiple Choice

An area of land that is drained by a single river is called a/an:

• A) wetland.
• B) aquifer.
• C) watershed.
• D) drainage basin.
• E) both watershed and drainage basin

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Definitions:

Economic Rent

The excess payment to a resource above what it is necessary to pay to secure its use.

Landlords

Individuals or entities who own property that is rented or leased to others, receiving rental income in return.

Socialist Economies

Economic systems in which the means of production, distribution, and exchange are owned or regulated by the community as a whole, typically through the government.

Supply and Demand

A fundamental economic model explaining how the price and quantity of goods sold are determined in a market.