The Total Fertility Rate (TFR) Is the Average Number of Children

question 25

True/False

The total fertility rate (TFR) is the average number of children a woman will have throughout her childbearing years.

---

Definitions:

Shortage

A situation in an economy where the demand for a product or service exceeds the supply available at a specific price.

Equilibrium Price

The financial value where the availability of goods equals consumer demand.

Demand Falls

Demand falls occur when there is a decrease in the quantity of a good or service demanded at any given price, often due to changes in consumer preferences, income, or price increases.

Supply Stays

A term that is not typically used in economic contexts; thus, it might not be a real key-term. NO.