Which of the following did Thomas Malthus believe would deter sustained increases in the growth of income per capita?
a. excessive growth of government expenditures
b. rapid growth of population
c. the availability of natural resources
d. adverse climate conditions
B
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The aggregate demand curve is usually
A) downward sloping. B) vertical. C) horizontal. D) upward sloping.
Which of the following is an example of a commodity money?
A) gold coins B) dollar bills C) British pound notes D) Japanese yen notes
If the demand for softballs increases, one could expect the demand for leather to increase. This is due to the a. principle of diminishing marginal product
b. change in the opportunity cost of producing a softball. c. reduction in the cost of producing softballs. d. demand for an input being a derived demand.
Dollarization will reduce exchange-rate risk for a country.
Answer the following statement true (T) or false (F)