The Communications,transportation,financial and Distribution Networks of a Country Are Part

question 77

Multiple Choice

The communications,transportation,financial and distribution networks of a country are part of it's:

• A)political/legal environment
• B)culture
• C)economic infrastructure
• D)demographic environment
• E)international interface

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Opportunity Cost

The relinquishment of possible advantages from alternate options upon making a choice.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, measured by the area above the supply curve and below the price level.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a certain price.