Thomas Malthus was an economist who contributed to the ________ theory of growth
A) neoclassical B) Keynesian C) new growth D) socialist E) classical
E
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A decrease in autonomous consumption would have the same effect on the expenditures schedule as a(n)
a. decrease in investment. b. increase in government purchases. c. increase in net exports. d. decrease in taxes
When a labor market experiences a surplus of labor, there is downward pressure on
a. the supply of labor. b. the final product price. c. wages. d. the demand for labor.
Some of the newer pollutants that have appeared
A. are far more visible to the eye than older pollution. B. cause damage that is easily reversible. C. pose no significant long-term hazards. D. are far more dangerous than older forms of pollution.
For necessities, income elasticity is any value:
A. less than 0. B. between 0 and 1. C. greater than 1. D. greater than 0.