In Which Habitat Are Geosmin- Producing Organisms Found

question 61

Multiple Choice

In which habitat are geosmin- producing organisms found?

• A) freshwater
• B) hydrothermal vents
• C) soil
• D) marine environments

Distinguish between private, social costs, and benefits in the presence of externalities.

Calculate the efficient level of output and price in markets with externalities.

Recognize the difference between negative and positive externalities and their impact on social welfare.

Explain how externalities lead to an inefficient allocation of resources in the absence of government intervention.

---

Definitions:

Developed Countries

Nations with high levels of industrialization, a high standard of living, and advanced technological infrastructure.

Mercantilistic Trade Policies

Trade strategies based on the principles of mercantilism, which focus on maximizing exports and minimizing imports to build national wealth.

Economic Disruptions

Significant interruptions to the normal flow of goods, services, and capital, often caused by financial crises, natural disasters, or geopolitical events.

Trade Specialization

The economic practice where countries or regions focus on producing goods and services in which they have a comparative advantage, leading to increased efficiency and productivity.