Which of the Following Statements Regarding Urbanization Is NOT True

question 51

Multiple Choice

Which of the following statements regarding urbanization is NOT true?

• A) Overall, city-dwellers in developing nations enjoy better lives than their rural counterparts
• B) In 2007 more than 50% of the world population will live in an urban area, a major turning point in the world population history
• C) In Canada, greater than 75% of the population report that an urban area is their usual place of residence
• D) Urbanization refers to the growth of cities
• E) Providing adequate urban transit, water, and sanitization are major concerns for most large cities in the developing world

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Definitions:

Rational Expectations

The hypothesis in economics that assumes individuals form forecasts of future events based on all available information in an unbiased and rational manner.

Potential Output

The highest level of output an economy can produce without leading to inflation, when operating at full employment.

Monetary Policy

Actions undertaken by a central bank to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation, consumption, growth, and liquidity.

Wage Increases

Adjustments to employee salaries that lead to a higher rate of pay, often in response to factors like inflation, performance, and market demands.