When observing economic growth and literacy rates, it is clear that:
a. economic growth causes higher literacy rates.
b. economic growth may be a consequence of improved education.
c. improved levels of education may be the result of increasing economic growth.
d. all of the above are likely to be true.
Question 2
Which of the following is an assumption made while constructing a production possibilities frontier PPF?
a. Dynamic technological know-how
b. Flexible resource quality
c. Fixed resource quantity
d. Full and efficient use of resources
e. Flexible money supply
The logistic growth model does not describe all populations.
Population growth rate %
Average Annual Growth Rates of Population by Country Group
Calculating Growth Rate of Bacteria
economic question
economic question