Match the Term or Person with the Appropriate Phrase

question 30

Multiple Choice

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

• A)tropical latitudes
• B)cold current, northern hemisphere, temperate latitudes
• C)northern hemisphere, temperate latitudes, warm current
• D)cold current, southern hemisphere, temperate latitudes
• E)cold current, polar latitudes, southern hemisphere

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Definitions:

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output supplied by the industry.

Technology Improvement

Enhancements or advancements in technological capabilities, leading to more efficient processes or products.

Economic Losses

Financial losses experienced by a business or economy, often resulting from unfavorable business conditions or poor investment decisions.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogeneous products, free entry and exit, and perfect information, where no single firm can influence the market price.