Although the Terms Climate and Weather Are Often Used Interchangeably,they

question 10

Multiple Choice

Although the terms climate and weather are often used interchangeably,they are not the same thing; climate differs from weather in that

• A) weather includes amount of rainfall per year and climate does not.
• B) climate is based on biomes, whereas weather is not.
• C) climate describes long-term patterns, whereas weather describes short-term fluctuations.
• D) climates are described in terms of long-term average temperature, and weather is described by other factors, such as prevailing winds.

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time for labor or services rendered.

Monopolist

A monopolist is a single seller in a market who has significant control over the price and supply of a product or service.

Competitive Labor Market

A market where numerous buyers (employers) and sellers (workers) meet, with the price of labor (wages) determined by the supply of and demand for labor.

Marginal Product

The additional output resulting from one more unit of a certain input, keeping other inputs constant.