One Important Result of China's One Child Policy Has Been

question 19

Multiple Choice

One important result of China's one child policy has been:

• A)The skewing of the sex ratio in favor of boys.
• B)The skewing of the sex ratio in favor of girls.
• C)An increase in the speed with which people have migrated from rural to urban areas.
• D)A new emphasis on increasing the population in rural areas relative to urban areas.
• E)The total population of China has decreased slightly over the past 10 years.

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Definitions:

Marginal Revenue Curve

A graphical representation showing how marginal revenue varies as the quantity of output produced changes.

Purely Competitive Firm

A business that operates in a market with infinite buyers and sellers, no barriers to entry, and a standard product, leaving the company as a price taker.

Unitary Elasticity

A situation in economics when a change in the price of a product leads to an equal proportionate change in the quantity demanded or supplied.

Marginal Revenue

The additional income received from selling one more unit of a good or service; it is an important concept for determining the optimal level of output for a company.