Unit Manual Terms 6 Flashcards
1
Q
Positive Economics
A
Predicts what will happen based on testable hypothesis
2
Q
Normative Economics
A
What should be
3
Q
IPAT rule
A
Impact = Population x (GDP/Population) x (Resource use/GDP)
4
Q
Scale Effect
A
Size of population
5
Q
Income Effect
A
How rich people are
6
Q
Technology Effect
A
How efficiently people produce and consume
7
Q
Age Structure Effect
A
Impact of population growth on the induced changes in age distribution
8
Q
Youth Effect
A
High pop. creates supply people too young to work
9
Q
Retirement Effect
A
Slow pop growth means a large % of people to old to work
10
Q
Female Availability Effect
A
High pop growth means women are less like to engage in workforce
