Projections place world population by 2050 at

(a) between 4 and 6 billion.
(b) between 6 and 8 billion.
(c) between 8 and 10 billion.
(d) between 10 and 12 billion.


C

Economics

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Legislators are not likely to substitute money transfers to low-income people for in-kind benefits (e.g., food stamps, health care) because

A) low-income people generally do not know how to manage money effectively. B) low-income people prefer in-kind transfers. C) special interest groups benefit from the system of in-kind transfers. D) giving cash to the poor would necessitate a tax increase.

Economics

How does an increase in the price level lead to a higher interest rate?

What will be an ideal response?

Economics

What does the negative slope of the utilities possibilities frontier imply?

A) Diminishing marginal utility. B) The only way to increase one person's utility is to decrease another person's utility. C) Diminishing marginal rates of substitution. D) The only way to increase output of one good is to decrease output of another.

Economics

The main asset held by a central bank in its role as the bankers' bank is:

A. foreign exchange reserves. B. loans. C. securities. D. currency.

Economics