Between 1990 and 1999 car ownership per thousand of the population fell in ?
Correct answer: C. USA
- A. Spain
- B. Belgium
- C. USA
- D. UK
Explanation
The referenced comparative data show car ownership per 1,000 people falling in the United States during 1990–1999, unlike the countries listed that recorded increases. The measure is per head of population, not the total number of cars.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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