Who Proposed the Concept of Continental Drift-A Precursor to Plate

question 30

Multiple Choice

Who proposed the concept of continental drift-a precursor to plate tectonics?

• A) James  Hutton
• B) William Smith
• C) Charles  Darwin
• D) Abraham  Werner
• E) Alfred  Wegener

Explain the trade-offs faced by individuals and societies.

Define and distinguish between different economic terminologies and their applications.

Discuss the role of government intervention in correcting market failures.

Understand the difference between a centrally planned economy and a market economy.

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Definitions:

Unions

Organizations formed by workers to collectively bargain for better wages, benefits, and working conditions with their employers.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically to enforce demands upon their employer.

Wagner Act

A foundational piece of US labor law established in 1935 that guaranteed workers the right to form unions and engage in collective bargaining.

Supply of Labor

Refers to the total hours that workers wish to work at a given real wage rate, across the entire economy.