The Demographic Transition Concept Suggests That

question 265

Multiple Choice

The demographic transition concept suggests that

• A)effective birth control is the primary prerequisite of DVC income growth.
• B)income growth must first occur before DVC birth rates will decline.
• C)children are economic assets in the IACs but economic liabilities in the DVCs.
• D)the IACs will have higher birth rates than the DVCs.

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Definitions:

Perfect Competition

A market structure characterized by an infinite number of small suppliers and buyers, leading to price-taking behavior.

Monopolists

Firms or individuals that are the sole providers of a particular product or service in a market, giving them the power to set prices without competition.

Profitable

The ability of a business or activity to generate earnings that exceed its expenses and costs.

Suppliers Concentrated

A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.