Malthus predicted that the power of population
a. was greater than the power of the earth to produce subsistence. His forecast was on the mark.
b. was greater than the power of the earth to produce subsistence. His forecast was off the mark.
c. was less than the power of the earth to produce subsistence. His forecast was on the mark.
d. was less than the power of the earth to produce subsistence. His forecast was off the mark.
b
You might also like to view...
Refer to Table 4-12. The equations above describe the demand and supply for Bubba's Fried Jellybeans. The equilibrium price and quantity for Bubba's Fried Jellybeans are $40 and 5 thousand units. What is the value of consumer surplus?
A) $5 thousand B) $12.5 thousand C) $25 thousand D) $37.5 thousand
According to classical economists, government intervention is:
a. necessary to maintain a stable price level in the long run. b. necessary to maintain a stable price level in the short run. c. necessary to maintain full employment in the long run. d. necessary to maintain full employment in the short run. e. not necessary to maintain full employment.
Which of the following applies to a real-world socialistic economy?
A. private ownership of all factors of production B. government ownership of all factors of production C. government ownership of most of the factors of production D. lack of central planning
Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. According to Keynesian theory, which of the following is an appropriate discretionary fiscal policy to use in this situation?
A. a reduction in the money supply B. less government regulation C. increase federal spending D. higher taxes