Because Earth's Axis of Rotation Is Inclined 23

question 17

True/False

Because Earth's axis of rotation is inclined 23.4 degrees from vertical, the Sun moves into the northern sky in the spring and into the southern sky in the fall.

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Definitions:

Increasing Returns

A situation where the addition of more units of input results in a more-than-proportional increase in output.

Competitive Market

A market structure characterized by many buyers and sellers, such that no single party can dictate the market price.

Long-Run Cost

The total cost of production when all inputs, including both fixed and variable costs, are considered fully adjustable.

Economies Of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.