INTERNATIONAL ECONOMICS 5TH
EDITION FEENSTRA FINAL PAPER EXAM
PREP QUESTIONS AND ANSWERS
GUARANTEED TO PASS
◉ Prosperity as Flourishing
Answer: Redefining prosperity not as wealth, but as the ability for
humans to function well physically, psychologically, and socially
within ecological limits.
◉ Iron Cage of Consumerism
Answer: The social and institutional structures that lock individuals
into a cycle of relentless novelty-seeking and status-driven
consumption.
◉ Cinderella Economy
Answer: Jackson's term for a "post-growth" economy focused on de-
materialized services and community-oriented activities.
◉ Demographic Transition
, Answer: The historical shift from high birth and death rates to low
birth and death rates as a country develops from a pre-industrial to
an industrialized economic system.
◉ Replacement Level Fertility
Answer: The total fertility rate—the average number of children
born per woman—at which a population exactly replaces itself from
one generation to the next (roughly 2.1 in developed countries).
◉ Population Momentum
Answer: The tendency for population growth to continue beyond the
time that replacement-level fertility has been achieved because of a
high concentration of people in their childbearing years.
◉ Youth Bulge
Answer: A common phenomenon in developing nations where a
large percentage of the population is comprised of children and
young adults, often creating pressure on social services and labor
markets.
◉ Neo-Malthusian (NM)
Answer: A perspective inspired by Thomas Malthus, arguing that
population growth will eventually outpace resource production (the
"fixed pie" model), leading to catastrophe if growth is not checked.
EDITION FEENSTRA FINAL PAPER EXAM
PREP QUESTIONS AND ANSWERS
GUARANTEED TO PASS
◉ Prosperity as Flourishing
Answer: Redefining prosperity not as wealth, but as the ability for
humans to function well physically, psychologically, and socially
within ecological limits.
◉ Iron Cage of Consumerism
Answer: The social and institutional structures that lock individuals
into a cycle of relentless novelty-seeking and status-driven
consumption.
◉ Cinderella Economy
Answer: Jackson's term for a "post-growth" economy focused on de-
materialized services and community-oriented activities.
◉ Demographic Transition
, Answer: The historical shift from high birth and death rates to low
birth and death rates as a country develops from a pre-industrial to
an industrialized economic system.
◉ Replacement Level Fertility
Answer: The total fertility rate—the average number of children
born per woman—at which a population exactly replaces itself from
one generation to the next (roughly 2.1 in developed countries).
◉ Population Momentum
Answer: The tendency for population growth to continue beyond the
time that replacement-level fertility has been achieved because of a
high concentration of people in their childbearing years.
◉ Youth Bulge
Answer: A common phenomenon in developing nations where a
large percentage of the population is comprised of children and
young adults, often creating pressure on social services and labor
markets.
◉ Neo-Malthusian (NM)
Answer: A perspective inspired by Thomas Malthus, arguing that
population growth will eventually outpace resource production (the
"fixed pie" model), leading to catastrophe if growth is not checked.
