Answer the following statements true (T) or false (F)

1. The era after the Industrial Revolution proved that it was impossible to have improved tandards of living with large population growth.
2. Malthus's theory states that living standards could only temporarily rise above subsistence levels.
3. Malthus argued that any increase in living standards would cause a decrease in population growth.
4. If a country's replacement rate is two births per woman and its total fertility rate is four births
per woman, the country's population will decline.
5. With modernization, the world's population will continue to decline even as many countries xperience declining death rates.


1. FALSE
2. TRUE
3. FALSE
4. FALSE
5. TRUE

Economics

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Which of the following does not correctly characterize modern economic growth?

A. It has occurred only in the last 200 or so years. B. It has not affected the average lifespan of human beings. C. It drastically alters the culture and politics of society. D. It spread slowly across the globe, with some societies not having experienced it yet.

Economics

The government collects tax revenues of $100 million and has $105 million in outlays. The budget balance is a

A) deficit of $5 million. B) surplus of $5 million. C) surplus of $100 million and a deficit of $105 million. D) deficit of $105 million. E) surplus of $105 million.

Economics

In the perfectly competitive market, individual firms exert no effect on the market price. Therefore, the firm's marginal revenue curve is:

a. indeterminate. b. an upward-sloping curve. c. a downward-sloping curve. d. the same as the firm's demand curve.

Economics

Protective tariffs help a nation reach which of the following goals?

a. Decreased domestic consumer prices. b. Increased domestic employment. c. Increased amount of goods for consumers to purchase. d. Increased competition among domestic and foreign producers. e. None of these.

Economics