The demographic transition refers to the:
A) decrease in fertility and number of children per family that many societies undergo as they transition from industry to agriculture.
B) decrease in fertility and number of children per family that many societies undergo as they transition from agriculture to industry.
C) increase in fertility and number of children per family that many societies undergo as they transition from agriculture to industry.
D) increase in fertility and number of children per family that many societies undergo as they transition from industry to agriculture.
B
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A perfectly competitive firm's supply curve
A) shows the relationship between the price and the quantity the firm will produce. B) is the portion of the marginal cost curve above the average variable cost curve. C) is upward sloping. D) All of the above are correct.
If the supply price of land is zero, including costs of transporting goods produced on the land to the market, then
a. positive rents are paid for the acres furthest from the market b. there are no rent-yielding acres c. the demand for land must be infinitely high d. population growth must be high e. landowners will reap higher rents