In less-developed countries with rapid population growth,
a. the standard of living will always rise because population is the key to rising living standards
b. the standard of living will always fall
c. the standard of living will always remain constant
d. the standard of living will fall if population grows faster than output
e. will be independent of population growth due to foreign aid payments by rich countries
D
You might also like to view...
All else held constant, the law of demand suggests that as
A. the price of tablets decreases, the quantity of tablets demanded will decrease. B. income increases, the quantity of tablets demanded will increase. C. the demand for tablets increases, the price of tablets will increase. D. the price of tablets decreases, the quantity of tablets demanded will increase.
Income inequality in the United States has increased in part due to technological change. How does technological change contribute to income inequality?
A) It reduces the cost of producing goods and therefore lowers the value of labor services. B) It is responsible for a majority of new products on the market, and these products are only affordable to higher-income households. C) It allows manufacturers to produce products with less labor, and this reduction in the demand for labor lowers wages at all skill levels. D) It has created many higher-income jobs for skilled and trained workers, leaving the income of less-skilled workers relatively unchanged by comparison.
For a person in a desert community, as compared to being in a non-desert community, water would have
a. lower marginal utility and lower total utility b. lower marginal utility and higher total utility c. higher marginal utility and lower total utility d. higher marginal utility and higher total utility e. zero marginal utility, but higher total utility
Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?