While increases in population are often seen as a problem by some observers can you think of a way in which an increase in population can be a positive factor?
What will be an ideal response?
One way it could be a benefit is that is that it can help continue to finance national pension programs which often are derived by taxing current workers to provide benefits for the retired. Another benefit is that it can allow companies to market their products to a larger market and permit economies of scale in the production and distribution of goods which wouldn't be possible with a smaller population
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James used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for $320,000 . What is his economic profit?
a. $320,000 b. $70,000 c. $282,500 d. $32,500
Formation of trade blocs can be considered beneficial because it
A. diverts world trade from low-cost producers to high-cost producers by encouraging too much trade within blocs. B. causes international friction when certain countries are let in the bloc and others are left out. C. encourages purchases from higher-cost producers. D. encourages increased total trade by each member country.