Why Is the World's Population Growing

question 20

Multiple Choice

Why is the world's population growing?

• A)Mainly because people are having more children
• B)Mainly because immigration is at such high levels
• C)Mainly because mortality has decreased so dramatically
• D)Mainly because agricultural yields have grown so exponentially over the last decades

---

Definitions:

Diseconomies of Scale

A condition in which a firm experiences an increase in average costs as it increases its output, due to factors such as inefficiencies or complexity.

Marginal Product

The change in total output that results from the employment of one additional unit of a resource.

Marginal Cost

Represents the change in total production costs resulting from making one additional unit of a product or service.

Economies of Scale

Advantages in cost that businesses gain from expanding their production scale, leading to a decrease in the average cost per unit produced as the operation size grows.