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Marriage patterns, breastfeeding practices, contraceptive use, and abortion are four very important and measurable factors explaining variations in fertility across time and among societies. Demographers commonly refer to them as ________ determinants because they act directly on fertility.
Comparative Advantage
An economic theory that explains how and why it benefits countries to specialize in producing goods in which they have a lower opportunity cost and to trade with others.
Constant Returns to Scale
A situation in production where increasing all inputs by a certain factor results in output increasing by the same factor.
Competitive Equilibrium
A market state where supply equals demand, resulting in an efficient distribution of goods and services without excess.
Price Ceiling
A government-imposed limit on the price charged for a product, intended to protect consumers from high prices.
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