Which of the Following Statements Is True About North America

question 94

Multiple Choice

Which of the following statements is true about North America:

• A) Culturally and historically, North America includes Canada, the United States, and Mexico
• B) North America is generally well endowed with minerals and some natural resources
• C) The US is the second largest country in the world
• D) Climatically, the region is quite uniform

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Definitions:

Rent Controls

Government-imposed limitations on the amount landlords can charge for leasing a property.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity supplied.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, beyond which it cannot be sold.