The Mid-Atlantic Ridge Runs North and South Along the Bottom

question 53

Multiple Choice

The Mid-Atlantic Ridge runs north and south along the bottom of the Atlantic Ocean.Which factor is likely to vary most on the two sides of this ridge?

• A) Water pressure
• B) Water temperature
• C) Sunlight penetration
• D) Benthic (bottom) life
• E) Pelagic (floating or swimming) life

Discuss the difficulties and shortcomings in regulating monopolies and natural monopolies.

Explain the incentives and disincentives for firms and regulators within monopolistic and oligopolistic markets.

Evaluate the challenges in maintaining cartels and the impact of oligopolistic behaviors on market outcomes.

Understand the concepts of present value and how they apply to various financial instruments.

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Definitions:

Conscientiousness

A quality in a person that includes being orderly, trustworthy, and having a deep commitment to obligations.

Diligent

Showing careful and persistent work or effort in tasks or duties.

Disciplined

Showing a controlled form of behavior or way of working.

Five-factor Model

A personality model theorizing that five broad dimensions suffice to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.