Identify the Following Term(s)

question 69

Short Answer

Identify the following term(s).
-humanists (Renaissance)

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Definitions:

Domestic Demand

The total demand for goods and services within a country's borders.

Foreign Demand

The desire and willingness of buyers in other countries to purchase goods and services from a particular country.

Consumer Surplus

The difference in the total funds consumers are prepared to allocate for a good or service against the total funds they genuinely allocate.

Consumer Surplus

The contrast in the total money consumers are willing to shell out for a good or service versus what they truly pay.