Match the Term with the Appropriate Phrase

question 61

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-solar system

• A)the Sun and the eight major planets revolving around it
• B)gaseous and dusty space cloud (pre-cursor to a solar system)
• C)Milky Way galaxy
• D)outermost portion of the Earth composed largely of the igneous rocks basalt and granite
• E)contains minerals rich in iron and magnesium, between the crust and the core, and has the second largest volume according to the chemical classification
• F)solar winds
• G)composed mostly of iron and nickel with a liquefied metallic outer layer

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Definitions:

Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.

High Tariffs

Elevated taxes imposed on imported goods and services to protect domestic industries or to generate revenue.

Unionized Sectors

Industries or sectors where workers are members of a union, which negotiates wages, working conditions, and other employment terms on their behalf.

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.