The Main Factor Accounting for Population Aging Is

question 70

Multiple Choice

The main factor accounting for population aging is

• A) declining fertility
• B) increasing fertility
• C) decreases in mortality
• D) increases in mortality
• E) international migration

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Definitions:

Constant Returns to Scale

A situation in which increasing the amount of inputs in production results in a proportional increase in output.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, emphasizing the period where no costs are fixed.

Average-fixed-cost Curve

A curve that shows the relationship between the average fixed cost of producing a good and the quantity of the good produced, typically declining as production increases.

Marginal Product

The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.