Output, including agricultural products, has increased at a geometric rate, not at the much slower arithmetic rate foreseen by Malthus.
Answer the following statement true (T) or false (F)
True
Malthus claimed output would grow more slowly than the population. But output has grown faster than the population.
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The optimal strategy of a goalie in penalty kicking is similar to that in a(n) ________
A) zero-sum game B) symmetric game C) extensive-form game D) prisoners' dilemma
If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) falls; increases D) falls; decreases
The difference between the Keynesian and classical labor supply functions is that in the Keynesian version
a. workers know the real wage while in the classical system workers must form an expectation of the price level. b. workers must form an expectation of the price level while the workers know the real wage in the classical system. c. workers are assumed to be interested in the money wage while in the classical version workers know the real wage. d. labor supply depends on the actual real wage while labor supply depends on the expected real wage in the classical system.
Which one of these countries has not adopted the euro?
A. Germany B. France C. Italy D. England