Diatoms Are Algae Whose Silicon Dioxide-Containing Shells Are Useful Economically

question 80

Multiple Choice

Diatoms are algae whose silicon dioxide-containing shells are useful economically as

• A) filters.
• B) fertilizers.
• C) stabilizers.
• D) thickeners.
• E) agar.

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Definitions:

Consumer Surplus

The disparity between consumers' willingness to pay for a good or service and their actual payment amount.

Producer Surplus

The variance between the amount sellers are ready to accept for a commodity or service and what they actually earn from it.

World Market

The international exchange of goods and services that transcends national borders, influenced by global supply and demand.

International Trade

The international trade involving the transfer of goods and services between countries or territories.