It Is Cheaper to Produce Corn in Quebec,because Corn Needs

question 35

Multiple Choice

It is cheaper to produce corn in Quebec,because corn needs a lot of water and moderate temperatures.Which economic concept does this statement BEST represent?

• A) Government policies can change spending.
• B) Markets move toward equilibrium.
• C) Resources should be used as efficiently as possible to achieve society's goals.
• D) One person's spending is another person's income.

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Definitions:

Specific Sum

A fixed amount of money that is defined and stipulated within a contract or legal document.

Unenforceable

A term describing a contract or clause that cannot be legally enforced or compelled by court.

Valid Contract

An agreement between parties that meets all legal requirements and is enforceable by law.

Courts

Judicial institutions with the authority to interpret and apply the law, adjudicate legal disputes, and administer justice.