Which of the Following Would Be Considered a Closed System

question 14

Multiple Choice

Which of the following would be considered a closed system?

• A)a human living alone on a small island
• B)the planet Earth
• C)a fish living in a fish bowl
• D)a bacteria living in the large intestine
• E)a bacteria living in a Petri dish

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Definitions:

Consumer Welfare

The overall satisfaction, benefit, or utility received by consumers through the consumption of goods and services.

Gross Domestic Product (GDP)

The sum of the market or financial value of all the finished products and services created within the boundaries of a country over a certain period.

Net Taxes

The amount of taxes paid to the government minus any transfers or subsidies received from the government.

Indirect Business Taxes

Taxes levied on goods and services rather than on income or profits, affecting the pricing of these items.