By 2025 the Only Region of the World That Is

question 25

Multiple Choice

By 2025 the only region of the world that is expected to still have a larger rural than urban population is:

• A) Latin America.
• B) Oceania.
• C) Asia.
• D) Africa.

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Definitions:

Negative Externality

An economic situation where a third party is negatively affected by the outcome of a transaction or activity, for instance, pollution affecting the health of nearby residents who are not involved in the polluting activity.

Drunk Driving

The act of operating a motor vehicle while the driver's ability to do so is impaired by the effects of consuming alcohol.

Used Oil

Recycled or waste oil that has been used and then collected for reprocessing or disposal, often considered hazardous waste.

Marginal Social Costs

The total cost to society of producing one additional unit of a good or service, including both private costs and any externalities.