In which step of the demographic transition would we expect population to grow the fastest?
A. Step 1.
B. Step 2.
C. Step 3.
D. There is no step that would be expected to consistently yield faster population growth.
Answer: B
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Referring to the previous question, which of the following best describes the adjustment to the new market equilibrium?
A) Price would fall, causing quantity supplied to decrease until the new equilibrium is reached. B) Price would rise, causing quantity supplied to increase until the new equilibrium is reached. C) Price would fall, causing quantity supplied to increase until the new equilibrium is reached. D) Price would rise, causing quantity supplied to decrease until the new equilibrium is reached.
A discouraged worker is one who:
a. is underqualified for the current job. b. dislikes the current job but is afraid to quit. c. drops out of the civilian labor force because he/she cannot find a job. d. quits his/her job because the possibility of advancement was very low. e. is overqualified for the current job.
Suppose a cup of tea costs $0.60 and a scone costs $1.20. If Edith spends all of her income on these two goods, and at her current level of consumption, she receives a marginal utility of 6 utils from the last cup of tea she buys and a marginal utility of 24 utils from the last scone she buys, then Edith should:
A. buy more tea and fewer scones. B. not change her consumption of tea and scones. C. buy more tea and more scones. D. buy less tea and more scones.
The view Dambisa Moyo promotes in her book "Dead Aid" is:
A. so much corruption and embezzlement exists around aid money, it causes more disruption and inefficiency than it helps. B. the intended recipients of the money rarely receive it and, when they do, oftentimes don't know how to use it efficiently to actually progress. C. aid distorts the marketplace, actually hurting local economies. D. None of these statements is true.