What Is Demography

question 23

Multiple Choice

What is demography?

• A)the science of population changes
• B)an "actual enumeration" of the population -Consider This: Studying human populations is more than just counting human populations.
• C)the distribution of the population's beliefs about politics and policy issues
• D)an accounting of what the American people believe

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Definitions:

Expected Marginal Cost

The anticipated cost of producing one additional unit of a good or service, taking into account all relevant factors and future circumstances.

Expected Marginal Benefit

is the anticipated additional benefit or utility obtained from consuming one more unit of a good or service.

Rational Decision Maker

An individual or entity that makes decisions by systematically considering the available information, alternatives, and potential outcomes.

Economic Theory

A set of principles and methodologies that economists use to understand, explain, and make predictions about economic processes and behaviors.