The Southern Oscillation

question 15

Multiple Choice

The Southern Oscillation:

• A)is a cycle of strengthening and reversing trade winds in the equatorial Pacific.
• B)is another name for a La Niña event.
• C)does not have the ability to drastically alter climate,and is of little concern.
• D)is more important to weather in the United States than anywhere else in the world.

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Definitions:

Accounting Profit

The financial gain calculated by subtracting total explicit costs from total revenues, excluding the consideration of implicit costs or opportunity costs.

Economic Profit

The gap between a company's total earnings and its combined explicit and implicit expenses.

Total Output

The total quantity of goods or services produced by an economy, firm, or production process within a given period.

Total Revenue

The complete amount of money received by a company or organization from its business activities, such as sales of goods or services, before any expenses are subtracted.