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Directions: Apply the Knowledge You Have Gained from Chapter 4

question 6

Multiple Choice

Directions: Apply the knowledge you have gained from Chapter 4 to select the best answer to the questions about the following reading passage.
"Trees make up an essential part of the earth's ecosystem , but rapid deforestation is having harmful effects on the planet. Deforestation refers to the clearance of forests through logging and burning. The main cause of deforestation is the use of trees for lumber and fuel. Forests are also cut down to make room for farming. But while deforestation can provide a short-term boost to struggling economies, it is also causing harm to the environment. Adverse effects of deforestation include erosion of soil, disruption of the water cycle, loss of biodiversity , and flooding and drought. The most harmful effect, though, may be on the climate. Deforestation leads to a greater accumulation of carbon dioxide in the atmosphere, which in turn may warm the planet."
A synonym for adverse that occurs later in the reading passage is:

Comprehend how changes in market prices affect producer surplus for individuals and the market as a whole.

Recognize how the supply curve represents producers' willingness to sell and its relationship with producer surplus.

Analyze different scenarios to determine changes in total producer surplus due to price changes.

Identify factors that influence individual and total producer surplus, including market dynamics and cost structures.

Definitions:

Baskets

Containers typically made of interwoven materials like straw or plastic, used for carrying or storing items.

Free Trade

The absence of tariffs, duties, and other governmental barriers to international trade, allowing goods and services to move more freely across borders.

Soybeans

A species of legume native to East Asia, widely grown for its edible bean which has numerous uses in food, oils, and as a source of protein.

Domestic Price

The price of goods or services within a country's borders, unaffected by international trade factors.