Which of the following is not considered by demographers to be part of the three-step demographic transition?
A. Simultaneous low birthrates and death rates.
B. Simultaneous high birthrates and death rates.
C. Low birthrates and high death rates.
D. High birthrates and low death rates.
Answer: C
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What would not lead to an overall decrease in demand for air travel in the U.S.?
A) The fear of future terrorist attacks B) News of lengthy security delays at airports C) An expected decrease in airfares D) A substantial increase in bus and passenger train fares
Which of the following describes differentiated products? a. They have close substitutes in the market
b. They cater to the needs of only the lower-income section of the population. c. The prices and quantities of such products are set by the government. d. The supply of such products is independent of the market price.
The Law of One Price holds true because
a. All farmers agree on a single price to sell their product b. Government price supports level the playing field c. Profit seeking individuals try to buy low and sell high d. Food is generally price inelastic
Which statement is false?
A. The poverty rate was lower in 2009 than it was in 2000. B. The poverty rate for children under 18 is higher than the poverty rate for people over 65. C. The poverty rate today is higher than it was in 2006. D. The poverty rate for Hispanics is three times that of whites.