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Solutions for Chapter 12: Landforms and Resources

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Full solutions for World Geography

ISBN: 9780618689989

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Solutions for Chapter 12: Landforms and Resources

Solutions for Chapter 12
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Textbook: World Geography
Edition:
Author: McDougal Littel
ISBN: 9780618689989

This expansive textbook survival guide covers the following chapters and their solutions. World Geography was written by and is associated to the ISBN: 9780618689989. Since 38 problems in chapter 12: Landforms and Resources have been answered, more than 12660 students have viewed full step-by-step solutions from this chapter. Chapter 12: Landforms and Resources includes 38 full step-by-step solutions. This textbook survival guide was created for the textbook: World Geography, edition: .

Key Business Terms and definitions covered in this textbook
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    a person who is performing an act for another person, called the principal

  • bank capital

    the resources a bank’s owners have put into the institution

  • benefits principle

    the idea that people should pay taxes based on the benefits they receive from government services

  • budget surplus

    an excess of tax revenue over government spending

  • collective bargaining

    the process by which unions and firms agree on the terms of employment

  • collusion

    an agreement among firms in a market about quantities to produce or prices to charge

  • compensating differential

    a difference in wages that arises to offset the nonmonetary characteristics of different jobs

  • cost–benefit analysis

    a study that compares the costs and benefits to society of providing a public good

  • depreciation

    a decrease in the value of a currency as measured by the amount of foreign currency it can buy

  • fixed costs

    costs that do not vary with the quantity of output produced

  • imports

    goods produced abroad and sold domestically

  • inflation tax

    the revenue the government raises by creating money

  • marginal cost

    the increase in total cost that arises from an extra unit of production

  • maximin criterion

    the claim that the government should aim to maximize the well-being of the worst-off person in society

  • microeconomics

    the study of how households and firms make decisions and how they interact in markets

  • monetary neutrality

    the proposition that changes in the money supply do not affect real variables

  • perfect complements

    two goods with right-angle indifference curves

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • poverty rate

    the percentage of the population whose family income falls below an absolute level called the poverty line

  • utility

    a measure of happiness or satisfaction

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