In 1950, the Largest City in the World, with 12

question 43

Multiple Choice

In 1950, the largest city in the world, with 12.3 million inhabitants, was __(1) ___. By 2010 city (1) was surpassed by ______(2) _____ as the largest city in the world with 35.2 million inhabitants.

• A) (1) Bombay, India; (2) Mexico City, Mexico
• B) (1) Madrid, Spain; (2) Calcutta, India
• C) (1) New York City, United States; (2) Tokyo, Japan
• D) (1) Shanghai, P.R. China; (2) Bombay, India
• E) (1) London, England; (2) New York City, United States

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Definitions:

Price Increase

An upward movement in the price of a good, service, or asset, often due to factors like demand growth or supply constraints.

Long Position

Holding an asset with the expectation that it will increase in value, often contrasted with taking a short position, betting on a decline in value.

Futures Contracts

Futures contracts are standardized legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Futures Exchanges

Marketplaces where futures contracts and options on futures contracts are traded, facilitating the buying and selling of commodities or financial instruments at a predetermined future date.