A Graphic Technique That Is Used to Illustrate Population Trends

question 30

Multiple Choice

A graphic technique that is used to illustrate population trends by showing the relative sizes of different age groups is called a ____.

• A) ​histogram
• B) ​population pyramid
• C) ​frequency distribution
• D) ​segmented bar graph

Identify the role of government intervention in correcting market failures due to externalities.

Explain how taxes, subsidies, and other policy measures can be used to achieve socially optimal levels of production and consumption.

Describe network externalities and their impact on market outcomes.

Interpret graphical representations of marginal private and social benefits and costs.

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Definitions:

Keynesian Model

An economic theory advocating for government intervention in the economy through fiscal policies to manage demand and address unemployment.

Creeping Inflation

A relatively low rate of inflation, such as the rate of less than 4 percent in the United States in recent years.

Market Economies

Economic systems in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses.

Line Segment ST

A part of a line that is bounded by two distinct end points, labeled S and T.