Which of the Following Definitions Is FALSE

question 55

Multiple Choice

Which of the following definitions is FALSE?

• A) Photosynthesis is hotolysis followed by CO₂ fixation and biosynthesis.
• B) Photolysis is light absorption coupled to splitting of a molecule.
• C) Photophosphorylation is the reaction ADP + Pi ATP catalyzed by photons.
• D) Photoexcitation is light absorption causing an electron to transfer to a higher energy state.
• E) Photoionization is light absorption that causes electron separation.

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Definitions:

Explicit Costs

Direct, out-of-pocket payments for wages, rent, materials, and other inputs necessary for a business to operate.

Economic Profit

The distinction between gross revenue and total expenditures, inclusive of both explicit and latent costs.

Normal Rate

Typically refers to a benchmark interest rate considered to be standard based on historical averages, often used by central banks.

Market Period

The short timeframe in which the supply of a good is fixed, typically because production cannot be adjusted quickly in response to changes in demand.