Map ID - Australia and Oceania

question 48

Multiple Choice

Map ID - Australia and Oceania

-What is the name of the country labeled on the map with the number 2 (two) ?

• A) Australia
• B) New Caledonia
• C) New Zealand
• D) Papua New Guinea
• E) Vanuatu

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Definitions:

Entrepreneur

An individual who starts and runs a business, taking on financial risks in the hope of profit.

Karl Marx

A 19th-century philosopher, economist, and political theorist whose works are the foundation of the theory of socialism and communism.

Exploiter

An individual or entity that takes unfair advantage of others, often in a business or economic context, to gain benefits at their expense.

MRP of Land

Marginal Revenue Product of Land denotes the additional revenue generated from the utilization of an additional unit of land, underpinning its value in production.