The Urban Transition Can Occur Only If Which of the Following

question 29

Multiple Choice

The urban transition can occur only if which of the following is taking place?

• A) Societal modernization
• B) Decline in agricultural activity
• C) City population is growing faster than rural population
• D) Industrialization is occurring in both rural and urban areas

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Definitions:

Efficient Equilibrium

A state in which resources are allocated in the most efficient manner, leaving no potential for reallocating resources to make someone better off without making someone else worse off.

Government

A system or group of people governing an organized community, often a state, and set policies, laws, and regulations.

Private Markets

Markets where transactions occur directly between parties without significant regulatory oversight, often avoiding public exchanges.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.