What Is the Term Used to Describe Relatively Small Areas

question 66

Multiple Choice

What is the term used to describe relatively small areas with unusually high concentrations of species found there and nowhere else,including many species in high risk of extinction? These areas receive the focus of global conservation efforts.

• A) Natural wildlife reserve
• B) Biodiversity hot spot
• C) Protective wilderness refuge
• D) Protective conservation zone

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Definitions:

Cost-Push Inflation

Cost-push inflation is caused by an increase in the prices of production inputs like labour and raw materials, leading to decreased supply and increased cost of finished goods.

Potential Output

This refers to the maximum output an economy can produce without leading to inflation, assuming all resources are fully utilized.

Actual Price Level

The Actual Price Level refers to the current general level of prices for goods and services in the economy at a specific point in time.

Actual Price Level

The current average of all prices of goods and services in an economy, indicating the cost of living and the economic environment.