The demographic transition refers to the:
A) decrease in fertility and number of children per family that many societies undergo as they transition from industry to agriculture.
B) decrease in fertility and number of children per family that many societies undergo as they transition from agriculture to industry.
C) increase in fertility and number of children per family that many societies undergo as they transition from agriculture to industry.
D) increase in fertility and number of children per family that many societies undergo as they transition from industry to agriculture.
B
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Comment on the following statement: "Capital investment decisions always involve risk."
What will be an ideal response?
A current account deficit implies that
A) the country is a net lender with the rest of the world. B) the country is running a net capital account surplus. C) foreign investment in domestic securities is at very low levels. D) All of the above.
In the Cournot duopoly model, each of the two firms, in determining its profit-maximizing price-output level, assumes that the other firm's ____ will not change
a. price b. output c. marketing strategy d. inventory e. none of the above
An import quota will raise the local price of a good, which will _____ consumer surplus and_____ producer surplus
a. decrease; increase b. increase; increase c. decrease; have no effect on d. have no effect on; increase