If the Biocapacity of a Country Was 3 Global Hectares

question 21

Multiple Choice

If the biocapacity of a country was 3 global hectares per capita,to be sustainable,a population of 6,000 would have to have an ecological footprint of ______ per capita.

• A) 12
• B) 24
• C) 3
• D) 4
• E) 6

Calculate elasticity of demand using the price elasticity formula.

Determine the elasticity nature (elastic, inelastic, unit elastic) of goods from given scenarios.

Analyze how changes in price affect total revenue depending on the elasticity of demand.

Understand the impact of time on the elasticity of demand for products.

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Definitions:

Economic Inequality

The extent of the wealth gap between individuals in a society, characterized by disparities in income, wealth, and access to opportunities.

Urbanization

The process by which cities grow or areas become more urban in character, often indicative of social, economic, and environmental change.

Demographic Transition Theory

A theory that describes the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Modernization Theory

A perspective that views the process of societal change towards adopting the characteristics of industrialized societies as inevitable and positive, associating it with economic growth and development.