A Person Who Seeks to Earn Profits by Finding Ways

question 102

Multiple Choice

A person who seeks to earn profits by finding ways to organize factors of production is called a(n) :

• A) foreman
• B) finance capitalist.
• C) entrepreneur.
• D) manager.

Understand the causes of earthquakes and their association with different types of faults.

Identify the relationship between earthquake depth and fault types.

Recognize the significance of seismic waves in detecting earthquakes.

Distinguish the effects of plate tectonics on earthquake generation.

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Definitions:

Absolute Advantage

The ability of a country, individual, or firm to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.

Comparative Advantage

Comparative advantage is an economic theory that describes how an entity can produce goods at a lower opportunity cost than another, leading to efficient trading and increased economic welfare.

Editing

The process of preparing written material by correcting, condensing, or modifying it for publication or presentation.

Typing

The act of inputting text into a device, such as a computer or a smartphone, by pressing keys or using a virtual keyboard.