Which of the Following Best Illustrates an Intergenerational Consideration

question 69

Multiple Choice

Which of the following best illustrates an intergenerational consideration?

• A)increasing health-care insurance for every citizen in a country
• B)rationing gasoline in a time of short supply
• C)reducing the harvest of blue fin tuna to sustainable levels
• D)depleting a forest to produce firewood for use in heating and cooking

Analyze the impact of population growth on economic development.

Understand the relationship between education, employment opportunities, and fertility rates among women in developing countries.

Recognize the significance of agriculture and its challenges in developing countries.

Identify strategies for improving economic development and public health in low-income countries.

---

Definitions:

ATC

Average Total Cost; the total cost of production divided by the total output produced.

Economic Profits

The remaining amount after deducting total expenses from the total income, taking into account all direct and indirect costs.

Profit Maximizes

A strategy or objective of businesses to achieve the highest possible profit, where total revenue exceeds total costs by the largest margin.

MR

Short for Marginal Revenue, it represents the additional income earned from selling one more unit of a good or service.