A J-Shaped Growth Curve Is Converted to an S-Shaped One

question 70

Multiple Choice

A J-shaped growth curve is converted to an S-shaped one ____.

• A) when the parents are past-reproductive age
• B) if the data is plotted in reverse
• C) when the carrying capacity is reached
• D) if reproduction is stopped
• E) only for fast-growing populations such as bacteria

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Definitions:

Deadweight Loss

An economic inefficiency that occurs when the market outcome does not maximize total benefits, often due to distortions such as taxes, subsidies, or monopolies.

Tax

A mandatory financial charge imposed by a governmental organization in order to fund various public expenditures.

Gains from Trade

Gains from trade refer to the increase in consumer and producer surplus that occurs when countries specialize in the production of goods and services in which they have a comparative advantage and then trade with others.

Deadweight Losses

Losses in social welfare, usually measured in terms of lost revenue or surplus, resulting from inefficiencies in a market or the economy.