Which of the Following Is True of Sub-Saharan Africa

question 59

Multiple Choice

Which of the following is true of sub-Saharan Africa?

• A) The poverty rate in the region is low.
• B) Most of the sub-Saharan African countries rank among the freest economies in the world.
• C) The poverty rate in sub-Saharan Africa is the highest of any region in the world, and the reduction in the rate during the past quarter of a century has been modest.
• D) The poverty rate in sub-Saharan Africa is the lowest of any region in the world, and the rate has declined sharply during the past quarter of a century.

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Definitions:

High-Quality Products

Goods that meet or exceed customer expectations in terms of durability, reliability, performance, and design.

Short-Run Supply Curve

A graphical representation showing the quantity of goods that producers are willing and able to sell at different prices over a short period of time, during which at least one of the firm's inputs is fixed.

Diminishing Marginal Returns

A principle in economics where increasing one factor of production, while keeping others constant, will yield lower additional output.

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government to protect consumers.