Low Population Growth Resulting from High CBR and Very High

question 28

Multiple Choice

Low population growth resulting from high CBR and very high CDR is characteristic of stage ____ of the demographic transition.

• A)I
• B)II
• C)III
• D)IV

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Definitions:

Purely Competitive

A market structure characterized by many participants offering identical products, where no single buyer or seller can influence the market price.

Economic Profits

The excess of total revenue over total costs, including both explicit and implicit costs, as calculated in economic theory.

Normal Profits

The minimum level of profit necessary for a company to remain competitive in the market, essentially covering opportunity costs but not generating excess profit.

Purely Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product, leading to price-taking behavior.