Solutions for Chapter 26: Population Explosion

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Full solutions for World Geography

ISBN: 9780618689989

World Geography | ISBN: 9780618689989 | Authors: McDougal Littel

Solutions for Chapter 26: Population Explosion

Solutions for Chapter 26
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Textbook: World Geography
Author: McDougal Littel
ISBN: 9780618689989

This textbook survival guide was created for the textbook: World Geography, edition: . This expansive textbook survival guide covers the following chapters and their solutions. Since 33 problems in chapter 26: Population Explosion have been answered, more than 6264 students have viewed full step-by-step solutions from this chapter. Chapter 26: Population Explosion includes 33 full step-by-step solutions. World Geography was written by Patricia and is associated to the ISBN: 9780618689989.

Key Business Terms and definitions covered in this textbook
  • absolute advantage

    the ability to produce a good using fewer inputs than another producer

  • accounting profit

    total revenue minus total explicit cost

  • automatic stabilizers

    changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action

  • average fixed cost

    fixed cost divided by the quantity of output

  • capital requirement

    a government regulation specifying a minimum amount of bank capital

  • cartel

    a group of firms acting in unison

  • equilibrium

    a situation in which the market price has reached the level at which quantity supplied equals quantity demanded

  • excludability

    the property of a good whereby a person can be prevented from using it

  • future value

    the amount of money in the future that an amount of money today will yield, given prevailing interest rates

  • government purchases

    spending on goods and services by local, state, and federal governments

  • implicit costs

    input costs that do not require an outlay of money by the firm

  • in-kind transfers

    transfers to the poor given in the form of goods and services rather than cash

  • income effect

    the change in consumption that results when a price change moves the consumer to a higher or lower indifference curve

  • inflation

    an increase in the overall level of prices in the economy

  • liberalism

    the political philosophy according to which the government should choose policies deemed just, as evaluated by an impartial observer behind a “veil of ignorance”

  • marginal tax rate

    the amount that taxes increase from an additional dollar of income

  • principal

    a person for whom another person, called the agent, is performing some act

  • recession

    a period of declining real incomes and rising unemployment

  • technological knowledge

    society’s understanding of the best ways to produce goods and services

  • utilitarianism

    the political philosophy according to which the government should choose policies to maximize the total utility of everyone in society

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