In 2010,the UN Indicated That What Percentage of the World's

question 72

Multiple Choice

In 2010,the UN indicated that what percentage of the world's people are living along or near the ocean,mostly in large coastal cities?

• A) 80%
• B) 60%
• C) 50%
• D) 40%
• E) 20%

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Definitions:

Technical Substitution

The process of replacing one set of inputs or technologies with another to produce the same amount of output, often for efficiency improvements.

Isoquant

A curve representing all combinations of inputs that produce the same level of output in the production process, analogous to an indifference curve in consumption.

Inputs

Resources used in the production process to create goods and services, including labor, materials, and capital.

Total Output

The total quantity of goods or services produced by a firm or economy over a specific period.