A Network of Interactions That Involve the Cycling of Materials

question 90

Multiple Choice

A network of interactions that involve the cycling of materials and the flow of energy between a community and its physical environment is which of the following?

• A) population
• B) community
• C) ecosystem
• D) biosphere
• E) species

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Definitions:

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, leading to a potential welfare loss.

Government Failure

A situation where government intervention in the economy causes inefficiencies or leads to a misallocation of resources.

Government Intervention

Actions taken by a government to affect or control various aspects of the economy, such as regulations, subsidies, tariffs, and taxes to correct market failures and promote economic stability.

Regulatory Capture

A situation where regulatory agencies are dominated by the industries they are supposed to be regulating, leading to decision making that benefits the industry at the expense of the public good.