Which of the following statements identifies a correct reason for demographic transition?
A) The increase in migration of labor from urban to rural areas reduces fertility.
B) Transition from a rural economy to an urban economy reduces income below subsistence that reduces fertility and the size of families.
C) The cost of rearing children is comparatively lower for urban families in comparison to rural families.
D) The dependence on child labor is negligible in urban families in comparison to rural families.
D
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Explain the relationship between ?TC/?q and ?VC/?q.
What will be an ideal response?
Life-cycle saving is saving:
A. to pay life-insurance premiums. B. for protection against unexpected setbacks, such as the loss of a job or a medical emergency. C. for the purpose of leaving an inheritance. D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
The use of a tariff provides monopoly protection since
A. it reduces competition from imports by raising the import price. B. it allows more imports into the country. C. it expands tax credits. D. it reduces exporters' profits.
Refer to the information provided in Figure 6.3 below to answer the question(s) that follow.
Figure 6.3Refer to Figure 6.3. Molly's budget constraint is AC. It would swivel to AD if the price of
A. DVDs increased. B. CDs increased. C. DVDs decreased. D. CDs decreased.