What Is Transhumance

question 69

Multiple Choice

What is transhumance?

• A)the movement of humans from transition zones of agriculture to more inhabitable lowlands
• B)agriculture that relies on evapotranspiration
• C)the movement of livestock from urban regions to rural areas where more grass is available for animal consumption
• D)agriculture in dry areas, made possible by irrigation
• E)seasonal movement of livestock to cooler, greener high-country pastures in the summer and returning them to lowland valleys during the winter

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Definitions:

Implicit Costs

The opportunity costs of using resources owned by the firm for its own production instead of earning revenue from these resources elsewhere.

Explicit Costs

These are the direct, out-of-pocket payments made by businesses for operational expenses like wages, rent, and materials.

Monetary Outlay

The amount of money spent on a particular transaction or investment.

Implicit Costs

The opportunity costs that arise when a company uses internal resources without a direct payment.