If You Stared at a House as You Walked Down

question 273

Multiple Choice

If you stared at a house as you walked down a street,the trees in front of the house would appear to be moving

• A) in the opposite direction to you,and the trees behind the house would appear to be moving in the opposite direction as you.
• B) in the same direction as you,and the trees behind the house would appear to be moving in the opposite direction to you.
• C) in the same direction as you,and the trees behind the house would appear to be moving in the same direction as you.
• D) in the opposite direction to you,and the trees behind the house would appear to be moving in the same direction as you.

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Definitions:

Output

The total quantity of goods and services produced by an economy, company, or process over a specific period.

External Costs

Costs of economic activities that are not borne by the individuals or enterprises involved in the transaction but are instead imposed on third parties or society at large, such as pollution.

Market Supply Curve

A graphical representation showing the total quantity of a good that producers are willing to sell at various price levels in a given market.

Optimal Allocation

The most efficient distribution of resources and production that maximizes the benefits or profits within an economy or specific market.