Thomas Malthus's predictions did not come to pass because he implicitly assumed that there would be no technological advances and did not foresee that agricultural land was not completely fixed in quantity or quality
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following policies encourages economic growth?
A) increased taxes on income and business profits B) limiting the years people spend in education so that they can start productive work C) reduction of government support of higher education D) creation of tax free savings accounts E) high tariffs and strict import quotas on foreign-made products
Bobby drives her car to work; Bill takes the bus. They are both behaving efficiently as long as we assume
A) it costs the same for Bobby to drive the car as it does for Bill to take the bus. B) both Bobby and Bill value their trips equally. C) Bobby and Bill are traveling to different locations. D) both Bobby and Bill voluntarily selected the forms of transportation they take to work.
How are net exports and the government sector balance linked?
What will be an ideal response?
The Treasury bill auction is over when the market reaches the
A) highest bid. B) stop-out price. C) discount price. D) optimal price.