Which Event Occurs During a Strong El Niño Year

question 43

Multiple Choice

Which event occurs during a strong El Niño year?

• A) light rains in the central and eastern Pacific ocean
• B) upwelling of cold water in the western Pacific ocean
• C) death of phytoplankton in western coastal areas
• D) cold surface currents flowing from west to east
• E) strengthened equatorial winds

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Definitions:

Market Power

The ability of a firm that is not a pure monopolist to earn persistently large profits, indicating that it has some monopoly power. Because the firm has few (or weak) competitors, it has a degree of freedom from vigorous competition.

Soviet Bloc

The group of communist states of Central and Eastern Europe, including the Soviet Union, that existed during the Cold War.

Capital Markets

Financial markets for buying and selling equity and debt instruments, facilitating the raising of capital by companies and governments.

High Rates

Elevated levels of interest, charges, or other financial metrics compared to a standard or average.