Which of the Following Factors Was Most Important in Controlling

question 18

Multiple Choice

Which of the following factors was most important in controlling the distribution of copper mines in the western U.S. versus iron mines in the Great Lakes region?

• A) the amount of precipitation rain and snow)
• B) the time of year when precipitation occurs
• C) different ages and geologic histories of the rocks
• D) the latitude distance south or north from the equator)

Analyze how changes in government budget positions affect interest rates and investments.

Identify how changes in consumer behavior and economic policies influence saving and investment decisions.

Distinguish between movements along and shifts of the supply and demand curves for loanable funds.

Calculate real interest rates from nominal interest rates and inflation.

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Definitions:

Economists

Specialists in understanding how products and services are made, allocated, and consumed, while investigating economic trends and challenges.

Overall Level

A general term that might refer to the aggregate or total measure of a specified attribute or metric within a given context.

Prices

The monetary estimate expected, deemed necessary, or paid out for something.

Invisible Hand

A metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions.