On Which Day of the Year Does the Sun Reach

question 84

Multiple Choice

On which day of the year does the Sun reach its northernmost point in the sky?

• A) vernal equinox
• B) summer solstice
• C) autumnal equinox
• D) winter solstice
• E) The sun always reaches the same altitude.

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Definitions:

Consumer Surplus

The discrepancy between the price consumers are prepared to pay for a product or service and the price they end up paying.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive.

Subsidies

Financial support provided by governments to individuals, businesses, or institutions to promote certain activities deemed beneficial.

Higher-Valued Uses

The allocation of resources or goods to their most profitable or beneficial applications, typically where they contribute the most to welfare or profitability.