Newton Believed Gravity to Be

question 2

Multiple Choice

Newton believed gravity to be

• A) an inanimate but unexplained force.
• B) an effect produced by the curvature of the time-space continuum.
• C) the will of God in the universe.
• D) a quality acquired by matter under some circumstances.
• E) the pull exerted by the need of objects to return to their proper place.

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Definitions:

Market Equilibrium

A situation in which the quantity of goods or services supplied is equal to the quantity demanded, leading to no pressure for price to change.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenue, showing the total return exceeding all opportunity costs.

Long-run Equilibrium

A state in which all factors of production and outputs are optimized, resulting in a stable economic environment without tendencies for change.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar across sellers, leading to price competition and efficiency.