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Unformatted text preview: Chapter 15 - Natural Resource and Energy Economics Chapter 15 Natural Resource and Energy Economics Multiple Choice Questions 1. As of 2010, the world's population is approximately: A. 6.8 billion. B. 5.2 billion. C. 10.8 billion. D. 1.2 trillion. 2. Relative to 1800, the living standard of the average person today in the U.S. is about _____ times higher. A. 5 B. 12 C. 20 D. 42 3. Relative to 1800, today in the world there are: A. more people but lower per-capita consumption. B. more people but the same per-capita consumption. C. more people and higher per-capita consumption. D. the same number of people but higher per-capita consumption. 4. Whose An Essay on the Principle of Population argued that human living standards could only temporarily rise above subsistence? A. Adam Smith. B. Thomas Malthus. C. John Maynard Keynes. D. Alfred Marshall. 15-1 Chapter 15 - Natural Resource and Energy Economics 5. What is the relationship between living standards and birthrates? A. The relationship is negative at low levels of income, but becomes increasingly positive as incomes rise. B. They are unrelated. C. The relationship is positive (directly related). D. The relationship is negative (inversely related). 6. The total fertility rate necessary to keep the population constant is approximately equal to: A. 1.0. B. 1.5. C. 2.1. D. 3.0. 7. The total fertility rate: A. measures the average number of children that a woman is expected to have during her lifetime. B. measures the average number of children that each couple is expected to have during their lifetime. C. equals the rate of population change over time. D. rises as income rises. 8. If a country has a total fertility rate of 1.8, then all else equal we would expect: A. population in that country to rise over time. B. population in that country to fall over time. C. the replacement rate to also equal 1.8. D. the population to remain stable over time. 9. A total fertility rate of 1.0 will cause the: A. population to remain stable. B. population to double in one generation. C. population to collapse in one generation. D. next generation to be half the size of the current generation. 15-2 Chapter 15 - Natural Resource and Energy Economics 10. A rising standard of living will: A. necessarily reduce the population by reducing the birthrate. B. increase the birthrate. C. reduce the birthrate, but population may continue to grow if the death rate falls more quickly. D. reduce the birthrate initially, but will increase the birthrate significantly at higher levels of income as people can afford to have more children. 11. Population will necessarily fall if the: A. birthrate exceeds the replacement rate. B. replacement rate exceeds the birthrate....
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