Economists Coined the Term BRIC to Represent Which of the Following

question 6

Multiple Choice

 Economists coined the term BRIC to represent which of the following world surge points?

• A)Boston,Rome,Incirlik,Canton. 
• B)Bengal,Rhodesia,Indonesia,China.
• C)Brazil,Russia,Indonesia,Canada. 
• D)Brazil,Russia,India,China. 
• E)Bengal,Russia,India,Canada. 

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Definitions:

Government-mandated Increase

A requirement imposed by the government that results in a rise, often relating to wages, prices, or taxes.

Demand and Supply Curves

Graphs used in economics to illustrate the relationship between how much of a good or service is desired by buyers (demand) and how much is available from suppliers (supply) at various prices.

Product Market

A market in which products are sold by firms and bought by households.

Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.