Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it

A) reduced expenditures on health care.
B) reduced expenditures on pensions.
C) increased savings.
D) increased consumption relative to GDP.

C

Economics

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In the table above, the size of the labor force is

A) 80 million. B) 46 million. C) 42 million. D) 40 million. E) 34 million.

Economics

Third-degree price discrimination exists when

A) the seller knows exactly how much each potential customer is willing to pay and will charge accordingly. B) different prices are charged by blocks of services. C) when the seller can separate markets by geography, income, age, etc., and charge different prices to these different groups. D) when the seller will bargain with buyers in each of the markets to obtain the best possible price.

Economics