By the End of the 20^th Century,the World's Population Exceeded

question 61

Multiple Choice

By the end of the 20^th century,the world's population exceeded 6 billion,with Canada representing

• A) less than 0.5 percent
• B) slightly more than 5 percent
• C) about 320 million
• D) less than 3.2 million

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Definitions:

Quantity Control

Regulatory or business practices that limit the production, sale, or distribution of products to influence market prices or quality.

Quota Rent

The earnings that accrue to the license-holder from owning the right to import a limited quantity of goods under a quota system.

New York Taxicab

An iconic mode of public transportation in New York City, known for its yellow cabs that offer transport services across the city.

Quota Rent

Extra income earned by producers who benefit from an import quota, as it raises the market price of their goods.