What are the human realities of poverty in DVC?
What will be an ideal response?
The human implications of extreme poverty are important. Compared with the industrially advanced nations, DVC have not only lower per capital incomes but also lower life expectancy, higher infant mortality rates, higher adult illiteracy rates, fewer Internet users, and less per capital energy consumption.
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To show the values of an economic variable for different groups in a population at a point in time, it is best to use a
A) trend-section diagram. B) cross-section graph. C) linear graph. D) time-series graph. E) scatter diagram.
Jamie has enough money to buy either a Mountain Dew, or a Pepsi, or a bag of chips. He chooses to buy the Mountain Dew. The opportunity cost of the Mountain Dew is
A) the Pepsi and the bag of chips. B) the Pepsi or the bag of chips, whichever the highest-valued alternative forgone. C) the Mountain Dew. D) the Pepsi because it is a drink, as is the Mountain Dew. E) zero because he enjoys the Mountain Dew.
The substitution effect can be measured holding ________ constant
A) income B) utility C) the price of one good D) the price of all goods
Environmental damage
a. cannot be reduced to zero. b. is inevitable where humans exist. c. tends to increase as long as benefits outweigh the costs to the damagers. d. All of the above are correct.