In 1950,29% of the World Population Lived in Urban Areas

question 28

Multiple Choice

In 1950,29% of the world population lived in urban areas.Today,____________live in urban areas,with that number growing annually.

• A)45%
• B)35%
• C)51%
• D)81%

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Definitions:

Minimum Price

Is the lowest price at which a product or service can be sold, often set by law or regulation to protect producers or consumers.

Producer

An individual, company, or entity that creates goods or provides services.

Total Cost

The entirety of expenses, fixed and variable, involved in the production of services or goods.

Market Price

The existing value at which an asset or service may be sold or acquired in a trading environment.