Over Extended Periods of Time,population Growth

question 85

Multiple Choice

Over extended periods of time,population growth

• A)has no effect on the standard of living.
• B)has uncertain effects on the standard of living.
• C)clearly raises the standard of living.
• D)clearly lowers the standard of living.

---

Definitions:

Free International Trade

The exchange of goods and services between countries without the imposition of restrictions such as tariffs, quotas, or subsidies.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the higher price they actually receive.

International Trade

Swapping goods and services across the borders of different countries or regions.

World Price

The international market price at which goods, services, or commodities are bought and sold.