Which of the Following Statements Is Most Accurate

question 3

Multiple Choice

Which of the following statements is most accurate?

• A) By 1990, more than half of the population of the United States lived west of the Colorado River.
• B) By 1990, more than half of the population of the United States lived west of the Rocky Mountains.
• C) In 1990, more than half of the population of the United States lived west of the Great Plains.
• D) By 1990, more than half of the population of the United States lived west of the Mississippi River.
• E) By 1990, more than half of the population of the United States lived west of the Grand Canyon.

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay.

International Trade

The exchange of goods, services, and capital among various countries and territories, crossing their international borders.

Absolute Advantage

The ability of a country, individual, or group to produce a good or service more efficiently than competitors, using fewer resources.

Microchips

Small semiconductor devices that contain electrical circuits capable of processing data or controlling devices and processes.