The total fertility rate necessary to keep the population constant is approximately equal to:
A. 1.0.
B. 1.5.
C. 2.1.
D. 3.0.
Answer: C
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Certain countries remain backward because they nurture superstition and are suspicious of new technology. This argument is based on the:
A) geography hypothesis. B) location hypothesis. C) culture hypothesis. D) capital hypothesis.
National income minus personal taxes net of transfer payments equals disposable income.
Answer the following statement true (T) or false (F)
When the demand for coffee increases, ceteris paribus, the equilibrium price will also increase because
A. A shortage exists at the old equilibrium price. B. The market supply and demand curves do not intersect. C. Market demand must be upward-sloping. D. There must be a surplus of the good.
Suppose that the U.S. Open ticket costs $100 and the British Open ticket costs £50 and the exchange rate is $1.43. How much does the British Open ticket cost for an American attending the British Open?
What will be an ideal response?