Define an Ecological Footprint

question 24

Multiple Choice

Define an ecological footprint.

• A)the total amount of resources used by an individual to meet their needs
• B)the amount of food a person needs to eat
• C)the amount of water a person needs to meet their needs
• D)the amount of land a person needs to provide a place to live
• E)the amount of energy a person needs to meet their needs

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Definitions:

Decreases the Money Supply

A monetary policy action that reduces the total amount of money available in the banking system, often aiming to control inflation.

Gross Domestic Product

The total value of all goods and services produced over a specific time period within a country's borders.

Allocative Efficiency

an optimal distribution of resources in an economy, ensuring that goods and services are distributed according to consumer preferences.

Per-Capita Output

The average production of goods or services per person within a geographical area or country.