Other Things the Same,an Increase in Population Growth

question 35

Multiple Choice

Other things the same,an increase in population growth

• A)increases capital per worker.Further,there is some evidence that a higher population growth rate may increase the pace of technological progress.
• B)increases capital per worker.However,there is some evidence that a higher population growth rate may decrease the pace of technological progress.
• C)decreases capital per worker.Further,there is some evidence that a higher population growth rate may decrease the pace of technological progress.
• D)decreases capital per worker.However,there is some evidence that a higher population growth rate may increase the pace of technological progress.

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Definitions:

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, reflecting their participation in the labor force.

Consumer Preferences

These are the subjective likes, dislikes, desires, and needs that motivate buying decisions and are influenced by various sociocultural and economic factors.

Marginal Rate of Substitution

The rate at which a consumer can substitute one good for another while maintaining the same level of utility.

Rational Consumers

Individuals who seek to maximize their utility or satisfaction from the consumption of goods and services, making decisions based on available information and rational criteria.