The demographic transition view alleges that:
A. the DVCs must first accept the use of birth control techniques to increase their standards of
living.
B. population growth will only decline if mortality rates exceed birth rates.
C. if incomes first rise, population growth will then decline.
D. population growth has no bearing on a nation's per capita income.
C. if incomes first rise, population growth will then decline.
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Which of the following is NOT a problem in following an activist policy?
A) ineffectiveness in fiscal policy B) lags in the effects of policies C) multiplier uncertainty D) forecasting errors
Refer to Scenario 7.3. When Q = 200, what is the marginal cost?
A) 0 B) 5 C) 10 D) 15 E) 25
Unit excise taxes imposed on gasoline are
A) largely paid by the producers because gasoline is a necessity. B) largely paid by consumers because they are not very responsive to price changes. C) shared equally between the producer and the consumer. D) paid by the wholesalers of these products.
Monopolistically competitive firms in long-run equilibrium produce at ________ the optimal scale.
A. less than B. more than C. exactly D. sometimes more and sometimes less than