According to PRS, in 2015, Which Country Had the Highest

question 16

Multiple Choice

According to PRS, in 2015, which country had the highest composite risk rating on a scale of 0 (most risky) to 100 (least risky) ?

• A) Switzerland
• B) Canada
• C) Germany
• D) U.S.

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Definitions:

Inelastic Demand Curve

A demand curve that shows a small change in quantity demanded despite large changes in price, indicating consumers' necessity or lack of substitutes.

Motor Vehicles

Wheeled vehicles that are motorized or mechanically propelled, used for transportation of people, goods, or both.

Household Electricity

Electrical power supplied to homes, used for operating appliances, lighting, and other domestic purposes.

Elastic

In economics, it describes a situation where the supply or demand for a good or service changes significantly when its price changes. High elasticity indicates that a slight price change could lead to a significant change in quantity demanded or supplied.