Question

The 2007-2009 recession: was not as severe as the 1980-82 recession. was worst than the Great...

The 2007-2009 recession:

was not as severe as the 1980-82 recession.

was worst than the Great Depression 1929-1933.

was mild by historical standards.

was the worst recession since 1937-1938 recession.

In Stage One of the demographic transition model (per class notes), there are ________ birth rates and ________ death rates

low but declining, low but declining

low,low

high, high

high, high but declining

"The rich should pay higher income tax rates than the poor" is an example of a

descriptive statement.

theoretical statement.

normative statement.

positive statement.

The benefit that arises from an increase in an activity is called

the marginal benefit.

opportunity cost.

the marginal cost.

an incentive.

In Stage Two of the demographic transition model, there are ________ birth rates and ________ death rates

high, high

low but declining, low but declining

high, high but declining

low,low

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Answer #1

Please find the answers below with reason.

1. was the worst recession since 1937-1938 recession. Reason: It was longest and deepest since World War II.

2. high, high. Reason : Stage 1 occurs with stable population with both high rates.

3. the marginal benefit. Reason: Doing more of that activity gives more benefit as given.

4. high, high but declining. Reason: Population starts to rise.

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