The Body's Ability to Maintain Stable Internal Conditions Is Referred

question 65

Multiple Choice

The body's ability to maintain stable internal conditions is referred to as ________.

• A) metabolism
• B) homeostasis
• C) irritability
• D) output

---

Definitions:

Economic Profits

The disparity between a company's overall income and the sum of its explicit and implicit expenses.

Accounting Profits

The net income of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues, according to standard accounting practices.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price taking behavior.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to enter and exit the market, and no economic forces are pushing for change.