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- What are the ‘Lessons’ of the Specific Factor Model? Demonstrate this lesson using formal modeling (either graphs or equations).Describe Malthus’ pessimistic model of population. What empirical factsabout population in the world led to the break-down of the model? What are the three stages of the demographic transition? For each stagedescribe:a. Is population size increasing or decreasing?b. Is the population growth rate increasing or decreasing?How comprehensive income is measured according to Haig Simon's definition?
- Conpared to interdependent independent people have a greater overlap between the self and others. O TrueO FalseTFR and Birth Rates:a. Define the crude birth-rate and the total fertility rateSuppose country A and B have are identical in their population size andstructure, and rate of mortality, but A has a higher average TFR than B.b. What could be some of the reasons why A has a higher fertility ratethan B?c. What will be true about the size and age structure of the population in Arelative to B in 25 years? Will the proportion of young people to oldpeople be higher or lower in A?d. Now suppose the governments of both A and B impose a one-child policy(the TFR was greater than 1 in both A and B). Suppose the policy is fullyenforced (i.e. all families indeed have one kid). Is the fertility rate thesame in A and B? Is the birth rate same in A and B?e. Is the population growth rate higher or lower in A?f. As more time passes, the population growth will eventually slow down inboth countries. What will happen to the proportion of old in the populationas population growth slows down?do you not have to take the income forgone in the time spent raising each child to adulthood, defined by z into account?
- Explain the following terms: i. Fertility ii. Dependency ratio iii. The demographic Transition 4. i. Describe & explain the Malthusian Population Trap ii. What is the main criticism of this population theory?Thomas maltus theory of population and economyWhy are the poorest members of society the greatest beneficiaries in the Difference principle of John Rawls?