Which of the Following Best Describes Why We Have Seasons

question 96

Multiple Choice

Which of the following best describes why we have seasons on Earth?

• A)The varying speed of Earth in its orbit around the Sun gives us summer when we are moving fastest and winter when we are moving slowest.
• B)The tilt of Earth's axis causes the northern hemisphere to be closer to the Sun than the southern hemisphere in summer, and vice versa in winter.
• C)The tilt of Earth's axis causes different portions of the Earth to receive more or less direct sunlight at different times of year.
• D)Earth's elliptical orbit means we are closer to the Sun and therefore receive more intense sunlight at some times of year than at others.

Recognize the importance and impact of supply-side policies in the economy.

Understand the control mechanisms of money supply in the economy.

Grasp the concept and implications of countercyclical fiscal policies.

Analyze the impact of workforce supply on economic conditions.

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Definitions:

Elasticity Of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, quantitatively determined by the percentage change in quantity supplied divided by the percentage change in price.

Tax Revenue

The revenue acquired by governments via tax collection.

FICA

The Federal Insurance Contributions Act tax, a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

Federal Insurance Contributions Act

A U.S. law that requires employees to contribute to Social Security and Medicare, with matching contributions from employers.