Think birth rate and growth in GDP per capita. A major reason that China adopted a one- child-per-family policy was that
a. it had to comply with United Nations standards to qualify for economic aid
b. its per capita income would increase if the population growth moderated
c. people were migrating to urban centers and there was insufficient housing for them
d. resources could be diverted to military: a simple case of guns and butter
e. it chose the big-push development strategy, which includes family planning
B
You might also like to view...
The average total cost curve is U shaped in the short run but this is not true for the average total cost curve for the long run.
Answer the following statement true (T) or false (F)
To reach an economically efficient output level, the size of an excise tax imposed on a firm generating a negative externality should be:
a. the firm's marginal cost. b. the social marginal cost. c. the difference between the social marginal cost and the firm's marginal cost. d. the sum of the social marginal cost and the firm's marginal cost.
In a perfectly competitive market
A. if a firm raises its price, it will lose some, but not all, of its customers. B. when a firm sells another unit of output, the addition to total revenue is equal to market price. C. a firm faces a perfectly elastic demand because there is unrestricted entry and exit. D. all of the above E. none of the above
If the opportunity cost of producing a good domestically exceeds the opportunity cost of purchasing it on the world market, a country can gain by
A. decreasing production and increasing imports. B. increasing production and decreasing imports. C. decreasing production and increasing exports. D. increasing production and decreasing exports.