______ Is an Example of an Innovation-Driven Economy

question 50

Multiple Choice

______ is an example of an innovation-driven economy.

• A)India
• B)Nigeria
• C)Italy
• D)Mexico

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Definitions:

Total Revenue

The total amount of money generated from the sale of goods or services before any costs are subtracted.

Climate Change

The man-made change in Earth’s climate from the accumulation of greenhouse gases caused by the use of fossil fuels.

Price Elasticity

A way to gauge how fluctuations in price affect a good's market demand.

Substitutes

Products or services that can replace each other in use, offering consumers alternatives.