More Than 50 Percent of the British Population Lived in Cities

question 38

Multiple Choice

More than 50 percent of the British population lived in cities by

• A) 1850.
• B) 1800.
• C) 1825.
• D) 1875.
• E) 1900.

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Definitions:

Endowed

Furnished or provided with a particular quality, ability, or asset.

Contract Curve

In an Edgeworth Box diagram, the locus of points representing the set of mutually beneficial allocations between two parties.

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources between two consumers on a two-good world, demonstrating how trade can lead to Pareto improvements.

Utility Function

A mathematical representation that ranks individuals' preferences for bundles of goods or services, indicating levels of satisfaction.