The Basic Idea Behind Demographic Transition Theory Is That

question 5

Multiple Choice

The basic idea behind demographic transition theory is that

• A) both birth rates and death rates will steadily rise.
• B) population increase is now greatest in rich nations with high technology.
• C) population increase will outstrip the planet's ability to support us.
• D) population patterns reflect a society's level of technological development.

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Definitions:

Marginal Cost

The additional cost incurred to produce one additional unit of a good or service.

Average Variable Cost

The variable cost of production (costs that change with output level) divided by the quantity of output produced.

Product Differentiation

A marketing strategy where a company attempts to distinguish its product or services from the competition.

Competitive Price-searcher

A market structure where firms have some control over their selling price because their products are differentiated, but they still face competition.