The Presence of ________ Creates a Difference in the Value

question 217

Multiple Choice

The presence of ________ creates a difference in the value between the market price and the factor cost of a product.

• A) indirect taxes and consumption
• B) subsidies and direct taxes
• C) corporate profits and subsidies
• D) indirect taxes and subsidies

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Definitions:

Abiotic Components

Non-living chemical and physical parts of the environment that affect living organisms.

Biotic

Term that indicates life; a cell is an example of a biotic factor in the environment.

Energy Flow

The movement of energy through a food chain or ecosystem, typically from the sun through producers to consumers and finally to decomposers.

Trophic Level

The position an organism occupies in a food chain, based on its feeding relationships, ranging from primary producers to apex predators.