Which of the Following Demographic Trends Is the Most Likely

question 137

Multiple Choice

Which of the following demographic trends is the most likely cause for a rapid increase in telecommuting?

• A) the migration toward micropolitan and suburban areas
• B) the migration from rural to metropolitan areas
• C) the increasing number of traditional households
• D) the growing percentage of married couples who do not have children
• E) the declining number of manufacturing workers in today's workforce

Comprehend the theoretical market outcomes of pure monopoly versus pure competition in terms of price, output, and social welfare.

Identify the role and impact of network effects and simultaneous consumption in fostering monopoly power.

Recognize the regulatory options available to governments in dealing with monopolies and the rationale for each.

Discuss the economic implications of rent-seeking behavior by monopolies.

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Definitions:

Mechanistic Theorists

Thinkers who view human behavior and development as being shaped by a complex system of inputs and outputs, similar to a machine.

Quantitative Change

Changes in number or amount, such as in height, weight, size of vocabulary, or frequency of communication.

Qualitative Change

Discontinuous changes in kind, structure, or organization.

Theories Change

The concept that scientific theories evolve over time as new evidence emerges and older explanations are refined or replaced.