Explain the reasons for the hidden momentum of population growth and state its implication for population levels
What will be an ideal response?
Even after a decline in birthrates to replacement levels, population growth continues because of a large young population that widens the potential parent base. Implication: population will not stabilize until after a couple of generations.
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When a price support is set above the equilibrium price, producers ________ the quantity supplied and consumers ________ the quantity demanded
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) do not change; do not change
The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, they
A) hindered growth. B) had little or no effect on growth. C) encouraged growth. D) are the main factor in the success of the East Asian economies.