Thomas Malthus was an early nineteenth-century economist that created a model describing the relationship between:

A. population growth and war.
B. population growth and birth control.
C. population growth and food production.
D. population growth and crime.


Answer: C

Economics

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Suppose a country, whose production and consumption of coffee is large relative to the world market, has just entered the global market. If the country is a net exporter of coffee, we would expect:

A. an increase in both world price and quantity of coffee. B. an increase in world price and decrease in world quantity of coffee. C. a decrease in both world price and quantity of coffee. D. a decrease in world price, and increase in world quantity of coffee.

Economics

Your grandfather tells you that his annual income increased at an average rate of eight percent over his lifetime. He complains, however, that the average inflation rate of three percent reduced his ability to buy all the things he could have purchased if inflation had been zero. You respectfully tell your grandfather that he is committing the _____, because his annual income would have increased

at an average rate of only five percent if inflation had been zero. Fill in the blank(s) with correct word

Economics

Which of the following has a present value of $100?

a. $109.12 in two years when the interest rate is 4 percent b. $113.98 in two years when the interest rate is 6 percent c. $116.64 in two years when the interest rate is 8 percent d. $123.17 in two years when the interest rate is 10 percent

Economics

The trends in the share of mandatory and discretionary spending suggest that the percentage attributable to

A. mandatory spending is rising but so is the percentage attributable to discretionary spending. B. mandatory spending is falling but so is the percentage attributable to discretionary spending. C. discretionary spending rose from the late-1960s through the middle-1990s, but has stabilized. D. mandatory spending rose from the late-1960s through the middle-1990s, stabilized for a few years, and then began to rise again.

Economics