In 1973, the Club of Rome Published a Book Titled

question 69

Multiple Choice

In 1973, the Club of Rome published a book titled The Limits to Growth, which predicted that economic growth would likely end in high-income countries because of

• A)declining populations.
• B)rapid increases in government debt.
• C)increases in outsourcing of the production of goods and services to low-income countries.
• D)increasing pollution and the depletion of natural resources.
• E)increasing corruption.

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Definitions:

Bushels

A unit of volume that is used in the United States for measuring agricultural products, such as grains.

Marginal Product

The increase in output resulting from a one-unit increase in the amount of a single input used, holding all other inputs constant.

Total Product Curve

A graphic representation showing how the total quantity of output of a firm changes as the quantity of an input is changed, holding all other inputs constant.

Marginal Product

The increase in output that results from adding one more unit of a specific input, holding all other inputs constant.