China's 19^th Century Famines Were Caused Mainly by

question 33

Multiple Choice

China's 19^th century famines were caused mainly by

• A) a climate change that resulted in longer, harsher winters.
• B) its rapidly growing population.
• C) lack of technology.
• D) no wish among leaders to adopt modern methods.
• E) a rapid growth of population in a society without modern technology and no desire to obtain such.

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Definitions:

Consumer Surplus

The difference between the highest price a consumer is willing to pay for a good or service and the actual market price they pay.

Positively Sloped

Describes a line on a graph that moves upward as one moves from left to right, indicating a direct relationship between two variables.

Negatively Sloped

A term used in economics to describe a line on a graph that moves downwards from left to right, indicating an inverse relationship between two variables.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from trading a good or service.