Use the Following to Answer Question

question 113

Multiple Choice

Use the following to answer question:
-(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.20 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.

• A)surplus;4.5
• B)shortage;4.5
• C)surplus;1.5
• D)shortage;1.5

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Definitions:

Net Migration Rate

The difference between the number of immigrants and the number of emigrants throughout the year, per 1,000 inhabitants in a given country.

Emigrants

Individuals who leave their own country to settle permanently in another.

Immigrants

Individuals who move from one country to another with the intention of settling permanently or temporarily in the new country.

Neo-Malthusian

Relating to the belief in population control through the use of contraception and family planning, updating Thomas Malthus's predictions about population growth and sustainability.