If children can be considered durable goods, then this would help explain
(a) high birth rates among farm families.
(b) small family size among farm families.
(c) lower birth rates in towns than in the countryside.
(d) lower birth rates in the countryside than in towns.
(c)
You might also like to view...
In the figure above, the shift from DLF1 to DLF2 could result from
A) an increase in a government budget surplus. B) the economy entering a recession. C) the economy entering a strong expansion. D) an increase in the nominal interest rate. E) a decrease in the real interest rate.
According to the marginal productivity theory of income
A) the income received by an individual who supplies labor services equals the incremental benefit generated to the firm by that individual's labor. B) the average income received by an individual who supplies resources is influenced by the resources owner's marginal productivity. C) the greater the quantity of resources owned by an individual, the greater his incentive to increase productivity and his income. D) the income received by an individual who supplies labor services equals the profit generated to the firm by that individual's labor.
In response to Southern restrictions on the export of cotton in 1861 and 1862,
a. Britain was forced to give financial aid to the Confederate government due to its dependence on Southern cotton. b. Britain provided a naval blockade protecting ships carrying Southern cotton. c. the price of Southern cotton soared, allowing Southern planters to earn substantial profits. d. Britain relied on alternate sources of supply to meet its cotton demand.
If businesses are pessimistic, they are ________.
A. less likely to borrow and invest B. more likely to borrow and invest C. moving down, along the investment demand curve D. moving up, along the investment demand curve