According to the Text,the Highest Percentage of Population in Urban

question 20

Multiple Choice

According to the text,the highest percentage of population in urban areas by the year 2030 will be in

• A) more developed regions.
• B) less developed regions.
• C) emerging markets.
• D) least developed countries.
• E) more agrarian societies.

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Definitions:

Product Price

The financial outlay necessary to acquire a certain item or service.

Competitive Firm

A business that operates in a market where it has multiple competitors, and no single firm can influence the market price of goods or services.

Short Run

A time period in economics where at least one input is fixed, restricting the ability to adjust production levels fully.

Long Run

A timeframe during which all production factors and expenses can change, permitting adjustments to all inputs.