Multiple Choice
Refer to the figure below.Match the term to the numbered ocean floor feature on the figure.You may use each answer once,more than once,or not at all.
-continental rise
Definitions:
External Costs
Costs that are not borne by the parties involved in an economic transaction but by other individuals or society at large.
Auto Pollution
Auto pollution refers to the emissions generated by motor vehicles that contribute to air pollution.
Equilibrium Price
Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.
Adverse Selection
A situation in which sellers have information that buyers do not (or vice versa) leading to transactions that favor the party with more information.
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