Question

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 classnotes), 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" isan example of a

		descriptive statement.
		theoretical statement.
		normative statement.
		positive statement.

The benefit that arises from an increase in an activity iscalled

		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