1. Why might it be possible for there to be a zero marginal productivity of labour on...

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1. Why might it be possible for there to be a zero marginal productivity of labour on many family farms in poor countries and yet for there to be just enough food for all the members of the family to survive? (Illustrate using MPP and APP curves.)

2. The figures in the following table are based on the assumption that birth rates will fall faster than death rates. Under what circumstances might these forecasts underestimate the rate of growth of world population?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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