At the Current Rate of Population Growth,the World Population Will

question 10

Multiple Choice

At the current rate of population growth,the world population will reach about ____________ billion by the year 2050:

• A)3.1
• B)5.2
• C)7.0
• D)9.3

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Definitions:

Optimal Extraction Level

The point at which the rate of resource extraction maximizes the value derived from the resource without depleting it beyond recovery.

Extraction Costs

The expenses associated with removing natural resources from the earth, such as mining for metals or drilling for oil.

User Costs

The cost of using a product or service, not just its purchase price but including maintenance, operating, and opportunity costs.

Renewable Resources

Natural resources that can be replenished over short periods of time, such as solar energy, wind, and biomass.