Match the Term or Person with the Appropriate Phrase

question 13

Multiple Choice

Match the term or person with the appropriate phrase. You may use each answer once, more than once or not at all.
-West Wind Drift

• A)tropical latitudes
• B)cold current, northern hemisphere, temperate latitudes
• C)northern hemisphere, temperate latitudes, warm current
• D)cold current, southern hemisphere, temperate latitudes
• E)cold current, polar latitudes, southern hemisphere

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Definitions:

Complementary Goods

Products or services that are typically used together, where the increase in consumption of one leads to an increase in consumption of the other.

Good X

A term used to denote a specific product or commodity in economic models.

Substitute Goods

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Demand

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.