If the Population Doubles in Size, What Can Be Expected

question 42

Multiple Choice

If the population doubles in size, what can be expected to happen to the market for automobiles?

• A) Automobile manufacturers will decrease supply.
• B) The price of automobiles will decrease.
• C) More automobiles will be sold at any given price.
• D) People will use fewer automobiles.
• E) None of these

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Definitions:

Net Welfare

The overall well-being or prosperity of a society, considering all economic, social, and environmental factors, minus any costs or negative impacts.

Rights Affected

The legal entitlements or interests that are influenced or altered by legal decisions, actions, or agreements.

Circular Reasoning

A fallacy in which the conclusion of an argument is assumed in one of the premises.

Bandwagon Fallacy

A logical fallacy that argues something must be true or good because many people believe it or do it.