Rapid population growth since 1800 has occurred primarily because of:
A. a significant increase in total fertility rates as living standards have risen.
B. a significant reduction in death rates as living standards have risen.
C. a significant increase in replacement rates as living standards have risen.
D. all of these.
Answer: B
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The Federal Deposit Insurance Corporation insures
A) banks against lawsuits. B) the deposits held in the Fed. C) the federal funds market. D) the deposits held in member banks.
For a firm that is a price taker in the market for labor, the marginal revenue product of labor equals the
A) marginal product of labor multiplied by the product price. B) marginal product of labor multiplied by the marginal cost of production. C) marginal product of labor divided by the wage rate. D) marginal product of labor multiplied by the wage rate.
Which of the following is the Federal Reserve most likely to use to change the nation's money supply?
A) Open-market operations B) Reserve requirements C) Discount lending D) Credit controls
A negative externality occurs when
A) there is rent-seeking. B) benefits are imposed on individuals that are not part of a transactions. C) there is creative destruction. D) costs are imposed on individuals that are not part of a transaction.