What Is the Key Difference Between Thomas Malthus and Michael

question 27

Multiple Choice

What is the key difference between Thomas Malthus and Michael Kremer's theories about population growth?

• A) Kremer argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Malthus argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
• B) Kremer argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Malthus argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.
• C) Malthus argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Kremer argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
• D) Malthus argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Kremer argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.

---

Definitions:

Suppliers

Businesses or individuals that provide goods or services to another entity as part of a supply chain.

Metrics Development

The process of identifying, creating, and implementing measures that accurately assess the performance and efficiency of various business operations.

EBIT

Earnings Before Interest and Taxes, a measure of a company's profitability that excludes interest and income tax expenses.

Operating Cost

Refers to the ongoing expenses associated with the day-to-day operations of a business, including costs for rent, utilities, payroll, and raw materials.