Uganda Is One of Only Two Countries in the World

question 42

Multiple Choice

Uganda is one of only two countries in the world that produce a mineral required in the manufacturing of cellphones. Several mining companies recently moved their operations out of the region due to a bloody civil war resulting from a change in rulers. Which of the following influences on global business were the companies responding to?

• A)political uncertainty  
• B)policy uncertainty  
• C)economic risk  
• D)infrastructure failure

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Definitions:

Price Change

A variation in the cost of goods or services over time, either increasing or decreasing based on market conditions.

Price Elasticity

Price elasticity measures how much the quantity demanded of a good responds to a change in its price, indicating the sensitivity of consumers to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified period.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high responsiveness.