Which Contributed to the Famine in the African Sahel in 1974

question 38

Multiple Choice

Which contributed to the famine in the African Sahel in 1974?

• A) drought
• B) deforestation
• C) overgrazing
• D) insects

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Definitions:

Profit

The financial gain obtained when the revenue from business activities exceeds the costs and expenses associated with operating the business.

Economic Profit

The total revenue from operations minus both the explicit and implicit costs; it's a measure of profitability factoring opportunity costs.

Accounting Profit

The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.