If Population Growth Is Taking Place

question 22

Multiple Choice

If population growth is taking place,

• A) one can no longer meaningfully compare community indifference curves to evaluate The impact of growth and trade.
• B) the growth in population must be accompanied by increased capital stock or changes In technology if social welfare is to increase (if increasing returns to scale are not Present).
• C) the production-possibilities frontier will shift out relatively more for the labor-Intensive good than for the capital-intensive good.
• D) all of the above.

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Definitions:

Situational Attribution

The process of inferring that external circumstances, rather than internal character traits, are responsible for an individual's behavior in a given situation.

Primacy Effect

The inclination to recall facts at the start of a list more effectively than the details that come afterward.

Prisoner's Dilemma

A scenario in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Cooperation

The process of groups or individuals working together towards a common goal or benefit.