If you were to compare Sunbelt cities, such as Houston, to Snowbelt cities, such as Detroit, what differences would you find?
a. Sunbelt cities are typically smaller in physical size.
b. Sunbelt cities generally have smaller populations.
c. Sunbelt cities generally have larger populations and are larger in physical size.
d. Sunbelt cities lack the sprawl typical of Snowbelt cities.
Question 2
Amir, like most people in his community, makes weekly trips to the village square, where local vendors sell their goods. Everyone in the area is familiar with what will be available to purchase and how transactions are to be conducted.
Although the exchanges between buyers and sellers may seem frenetic to outsiders, the locals adhere to a set of regulations and norms that satisfies the needs of all involved. Which term best defines this scenario?
a. central planning
b. entrepreneurship
c. rational choice
d. market
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