Explain the logic behind the demographic transition view.

What will be an ideal response?


In a demographic transition population growth will be controlled as incomes increase in a country. The argument is founded in the idea that as income increases, the marginal benefit of having additional children decreases. Thus population growth will slow as having large families becomes less and less attractive and economically necessary. The growing disincentive comes from the fact that in wealthier countries the cost of raising children increases as they require higher and higher costs of childcare, education and other investments. Also, the marginal benefits of having additional children decreases as children become less necessary for insuring care in old age. Thus from a demographic transition perspective population control is a step in producing improved incomes but that population control will follow income growth.

Economics

You might also like to view...

If firms' expectations about the future become pessimistic so that they think future profits will be lower, then

A) aggregate demand decreases and the AD curve shifts leftward. B) aggregate demand increases and the AD curve shifts rightward. C) the quantity of real GDP demanded decreases, and there is a movement up along the AD curve. D) the quantity of real GDP demanded increases, and there is a movement down along the AD curve. E) the aggregate demand curve does not shift, but potential GDP decreases.

Economics

Based on this graph, national debt was the lowest percentage of GDP ______.


a. prior to the 1920s
b. during the 1950s
c. after World War II
d. in the 1990s

Economics

Nominal interest rates are considered to be ___ in the short-run model.

a. flexible b. rigid c. zero d. set by the central bank

Economics

Refer to the information provided in Figure 6.10 below to answer the question(s) that follow. Figure 6.10Refer to Figure 6.10. The current price of a turkey sandwich is $6. If Kyle is currently buying nine turkey sandwiches a week, he ________ maximizing utility because the marginal utility ________ than its price.

A. is; from the ninth sandwich is less B. is not; gained from the ninth sandwich is greater C. is not; gained from the ninth sandwich is less D. is; from the ninth sandwich is greater

Economics