The Malthusian Population Theory

question 36

Multiple Choice

The Malthusian population theory

• A) was eventually dismissed for its pessimism and failure to take into account technological advances in agriculture and food production.
• B) failed because contrary to Malthus' argument, agricultural production is not subject to diminishing returns.
• C) was not borne out in low-income countries because "population checks" (war, famine, etc.) kept population growth down while real GDP growth increased.
• D) states that the root cause of underdevelopment is unchecked population growth.

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Definitions:

Unearned Revenues

Income received by an individual or company for a service or product that has yet to be provided or delivered.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business’s operating cycle, whichever is longer.

Balance Sheet

is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Unadjusted Trial Balance

A trial balance prepared at the end of an accounting period before adjusting entries are made.