Compared to the world, the rate of U.S. population growth is

A) slower than in the world as a whole.
B) about the same as in the world as a whole.
C) much faster than in the world as a whole.
D) incomparable because U.S. residents are born with a much greater chance of accumulating a lot of human capital.
E) incomparable because we do not have accurate world population statistics.

A

Economics

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The cross elasticity of demand is a measure of how

A) responsive consumers are to changes in the price of a product. B) responsive suppliers are to changes in the price of a product. C) demand for a product changes when the price of a substitute or complement changes. D) total revenue changes when the price of a product changes. E) demand for a product changes when income changes.

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________ involves undertaking an activity until its marginal benefits equal marginal costs

A) Market intervention B) Scarcity reduction C) Central planning D) Marginal analysis

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