Per capita incomes must first grow for birth rates to decline. This statement describes the:
A. human capital view of population growth.
B. traditional view of population growth.
C. capricious universe view.
D. demographic transition view of population growth.
D. demographic transition view of population growth.
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Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period, prices for French oak barrels used for wine storage have dropped and consumer incomes have risen
Which of the following best explains the rising prices of California Merlots? A) The supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left. B) The demand curve and the supply curve for Merlot have both shifted to the left. C) The demand curve for Merlot has shifted to the right more than the supply curve has shifted to the right. D) The supply curve for Merlot has shifted to the right more than the demand curve has shifted to the right.
Which of the following is a problem that arises when trying to classify regional trade agreements?
A) Many agreements combine elements from different categories. B) The definition of free trade area includes that of a customs union. C) Some agreements include cultural issues while others do not. D) The most favored nation clause includes all of them.