Match the Following Definitions with Their Terms

question 9

Multiple Choice

Match the following definitions with their terms
-Arsenicals

• A) Organophosphate
• B) Carbamate
• C) Naturally occurring substance
• D) Chlorinated hydrocarbon
• E) Inorganic poison used as a pesticide

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Definitions:

Price Mechanism

The process by which prices rise or fall as a result of changes in supply and demand, guiding the allocation of resources in a market economy.

Competing Firms

Businesses that operate in the same market, offering similar products or services, and vie for the same consumer base.

External Benefit

A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.

Third Party

In the context of transactions, a third party is an entity besides the two primary parties involved, often providing an additional service or playing a regulatory role.