The Difference Between Formal and Functional Regions Is _____________________

question 66

Multiple Choice

The difference between formal and functional regions is _____________________.

• A) the nature of the unifying properties: static homogeneity versus functional cohesion
• B) the area involved: Formal areas are very large, while functional areas are smaller
• C) the formal region is urban in nature, whereas the functional region is rural
• D) the age of the regions: The functional region is normally much older than the formal region
• E) the formal region characterizes the non-Western world, whereas the functional region is typically European or North American

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Definitions:

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they end up paying.

Market Demand

Represents the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Music Downloads

Digital files of music tracks that can be legally or illegally downloaded from the internet to a computer or mobile device.