The Demographic Transition

question 81

Multiple Choice

The demographic transition

• A)is a two-stage model of population growth.
• B)depicts the history of birth and death rates in labour-intensive poor countries.
• C)depicts the history of disease in core economies.
• D)depicts the history of population growth in western Europe and North America.

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Definitions:

MC Curve

Marginal cost curve represents how the cost of producing one more unit of a good changes as production scales.

Market Quantity

The total amount of a good or service supplied and purchased in a market at a given price.

Fixed Costs

Costs that do not vary with the quantity of output produced, such as rent or salaries.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs, representing excess earnings over the opportunity cost of capital.