The 2018 IPCC Report, Points Out That 14

question 51

Multiple Choice

The 2018 IPCC report, points out that 14.5 per cent of global GHG emissions are from ______.

• A) volcanic activity
• B) livestock
• C) deforestation
• D) urbanization

---

Definitions:

Marginal Product

The additional output that is produced by using one more unit of a factor of production, all else held constant.

Elasticity

Elasticity measures the responsiveness of the quantity demanded or supplied of a good or service to a change in its price or other factors like income.

Resource Demand

The demand for resources (labor, capital, land) that are used to produce goods and services.

Pure Competition

A market structure in which a very large number of firms sells a standardized product, into which entry is very easy, in which the individual seller has no control over the product price, and in which there is no nonprice competition; a market characterized by a very large number of buyers and sellers.