Which One of the Following Is a Characteristic of a Transnational

question 41

Multiple Choice

Which one of the following is a characteristic of a transnational relationship?

• A)unknown
• B)isolated
• C)sustained
• D)impersonal

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.

Expenditures Decline

A situation where there is a reduction in spending by individuals, businesses, or governments.

Elastic Demand

A condition where the demand for a product is significantly responsive to changes in its price.