The population theory of Thomas Malthus
(a) would have predicted the changes in per output in this country in the
19th century and up to 1910.
(b) would lead you to expect a powerful surge in physical output as
the immigration poured in.
(c) would not have predicted the positive trend increase in per capita
output and income in 1860–1910.
(d) does not apply to any of the above.
(c)
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For the Jones household it has been estimated that for every ten degrees increase in the outdoor temperature the consumption of ice tea increases by 5 glasses
What type of relationship exists between temperature change and the consumption of ice tea? A) negative relationship B) positive relationship C) no relationship D) maximum relationship
Which of the following best explains why productivity growth in the United States has been faster than in other leading industrialized nations?
A) There are fewer government regulations in the United States regarding the way firms can hire and fire workers. B) Job mobility in the United States is more restricted than it is in many foreign countries. C) European countries have more flexible policies regarding the number of hours employees are permitted to work. D) The financial systems of foreign countries are generally more efficient than those in the United States.
A special license is required to operate a taxi in many cities. The number of licenses is restricted. More drivers want licenses than are issued. This describes a non-perfectly competitive market because
A) taxi services are very different. B) firms cannot freely enter and exit the market. C) transaction costs are high. D) the government generates revenue from the licenses.
In less developed economies, the distribution of income is
a. more concentrated (i.e., distributed less evenly) than in developed economies b. less concentrated than in developed economies c. such that the bottom 20 percent of households define the poverty threshold d. such that the top 20 percent of households define the poverty threshold e. completely even