According to the Text, the Factors of the Population That

question 53

Multiple Choice

According to the text, the factors of the population that also play a role in determining how a place fits into global economic affairs include:

• A)skills and qualifications.
• B)culture, race and religion.
• C)natural resources, skills and qualifications.
• D)traditions, history and culture.

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Definitions:

Higher Education

This term refers to education beyond high school level, usually provided by universities and colleges, leading to degrees or certificates.

Equilibrium Prices

A price point where the demand for a particular item matches its supply, ensuring market equilibrium.

Price Inelastic

A characteristic of goods for which demand does not significantly change with a change in price, indicating consumers' necessity or lack of substitutes for the product.

Higher Education Supply

Refers to the availability of college or university education opportunities, including institutions, programs, and courses offered to students.