The Malthusian population trap assumes that
(a) contraception is unavailable.
(b) technological progress may be rapid.
(c) fertility increases with per capita income.
(d) all of the above.
C
Economics
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If there is an increase in market demand in a perfectly competitive market, then in the short run prices will
a. rise. b. remain unchanged at the minimum of average total cost. c. fall. d. remain unchanged at the minimum of marginal cost.
Economics
In the long run, the price of information products in monopolistically competitive markets will be equal to
A) zero. B) MC. C) AFC. D) ATC.
Economics