If Projections of the Effects of Climate Change Hold True

question 27

Multiple Choice

If projections of the effects of climate change hold true, the globe will experience all of the following conditions except:

• A) Tropical forests will be wiped out, removing the most important agents for cleansing the atmosphere of greenhouse gases.
• B) Widespread droughts and violent storms will regularly hit various parts of the earth.
• C) Biodiversity will be dramatically increased, with rising sea levels leading to the generation of new animal and plant species.
• D) Ocean levels, rising from the melted ice, will make inroads on the coasts of all continents.

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Definitions:

Profits

The financial gain achieved when the revenues generated from business activities exceed the expenses, taxes, and costs incurred in operating the business.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, reflecting the financial gain in terms of opportunity costs.

Price-Taker Market

A market situation in which the sellers or buyers have no control over the prices at which they buy or sell goods or services.