The Statistical Study of Human Population to Learn Its Size

question 232

Multiple Choice

The statistical study of human population to learn its size, density, and characteristics is called:

• A) psychographics.
• B) econometrics.
• C) demography.
• D) geometry.

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive, due to higher market prices.

Specific Tariff

A fixed fee charged on a per unit basis for a good imported into a country.

Imported Good

A product or service that is brought into one country from another to be sold.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.