The Most Recent Estimate Indicates That the Population of the World

question 45

Multiple Choice

The most recent estimate indicates that the population of the world today is about

• A)5)7 billion.
• B)6)3 billion.
• C)7)4 billion.
• D)8)2 billion.
• E)9)5 billion.

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Definitions:

Pound

A unit of currency used in the United Kingdom and other areas, or a unit of weight equal to 16 ounces.

Convex Preferences

Consumer preferences that signify a desire for diversified bundles of goods, represented by convex-shaped indifference curves.

Indifferent

A term used in economics and decision theory to describe a situation where an individual or consumer does not prefer one option over another.

Diminishing Marginal

The principle that the marginal benefit of using or consuming one more unit of a good or service decreases as its quantity increases.