Faults That Have Moved Recently or Are Likely to Move

question 23

Multiple Choice

Faults that have moved recently or are likely to move in the future are referred to as ________ faults.

• A) passive
• B) active
• C) normal
• D) reverse

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Definitions:

Marginal Buyer

The consumer whose desire or need for a product is the least among all buyers, often determining the highest price they're willing to pay in a market.

Demand Curve

A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.

Welfare Economics

The study of how the allocation of resources affects economic well-being.