The Environment of Central Asia

question 38

Multiple Choice

The environment of central Asia

• A) guaranteed a bountiful harvest.
• B) does not receive enough rain to support large-scale agriculture.
• C) was marred by such violent flooding that urbanization was almost impossible.
• D) facilitated urbanization because of its tremendous agricultural potential.
• E) was dominated by devastating monsoon rains.

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Definitions:

External Cost

Costs of a transaction that affect people other than the buyer or seller, often not included in the price of goods or services.

Efficient Amount

The level of production or quantity of a good that optimizes the use of resources to achieve the highest possible satisfaction or benefits.

Unregulated Amount

A quantity or volume not controlled or limited by laws or administrative rules, often relating to production or trade.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a good or service, including both private costs incurred by firms and external costs to others.