According to the Text,which of the Following Statements Is True

question 27

Multiple Choice

According to the text,which of the following statements is true?

• A) the U.S. holds 5 percent of the world's population but 50 percent of its prisoners
• B) the U.S. holds 5 percent of the world's population but 25 percent of its prisoners
• C) the U.S. holds 5 percent of the world's population but 5 percent of its prisoners
• D) the U.S. holds 5 percent of the world's population but 75 percent of its prisoners

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Definitions:

Consumer Confidence

A measure of how optimistic consumers are about the overall state of the economy and their own personal finances.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Direct Competition

A situation in which products that perform the same function compete against one another. Also called category competition or brand competition.

Primary Competition

Direct competitors offering similar products or services within the same market or industry, targeting the same customer base.