Demographers refer to this as the "demographic transition": The reduction in death rates brought about by rising standards of living "causes a temporary population explosion because parents - initially unaware that such a revolutionary change in death rates has taken place - for a while keep having six or more children...to ensure that at least two will survive to adulthood." For which major industrialized country could this statement be used to explain its current population trend?
A. United States
B. Japan
C. India
D. China
C. India
Economics
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Suppose there is a reduction in the saving rate. This decrease in the saving rate will cause a reduction in which of the following once the economy reaches its new steady state equilibrium?
A) growth rate of output B) growth rate of capital C) growth rate of capital per worker D) all of the above E) none of the above
Economics
_____ have the ability to recognize constraints and may choose to incur the costs of altering them
a. Economists b. Rational people c. Entrepreneurs d. Research groups
Economics