A Tsunami Is

question 134

Multiple Choice

A tsunami is

• A) a common occurrence in the central U.S.
• B) a large earthquake which kills humans.
• C) another term for a seismic sea wave.
• D) unknown in tropical places like Hawaii.
• E) the glowing blast of an exploded volcano.

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Definitions:

Consuming

Consuming involves using up goods or services by purchasing, eating, or utilizing them to satisfy needs or wants.

Good

A material item or service that satisfies a need or desire and is available for purchase or trade.

Demand-Side

Economic policies or concepts focused on increasing demand for goods and services as a way to stimulate economic growth.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.