Thomas Malthus's Predictions Turned Out to Be Wrong Due to

question 82

Multiple Choice

Thomas Malthus's predictions turned out to be wrong due to

• A)technological advances such as those during the Industrial Revolution.
• B)smaller populations now than in the time of Malthus.
• C)the effects of brain-drain.
• D)unlimited natural resources.

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Definitions:

Net Purchases

Net Purchases refers to the total amount of purchases made by a company after subtracting any returns, allowances, and discounts received.

Ending Inventory

is the total value of goods available for sale at the end of an accounting period after accounting for all additions and subtractions during the period.

Operating Expenses

Expenses incurred during the normal functioning of a business, excluding the cost of goods sold; these can include salaries, rent, utilities, and marketing expenses.

Closing Entries

journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby preparing the accounts for the next period.