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.

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Definitions:

Imaginative

Characterized by the ability to think of new and original ideas or concepts beyond conventional patterns.

Improvisation

The act of creating or performing something spontaneously without prior preparation.

"Yes,and"

A principle stemming from improvisational theater that encourages the acceptance of contributed ideas and building upon them, often used to foster creativity and collaboration.

Entrepreneurial Self-efficacy

The belief in one's capability to organize and execute the courses of action required to manage prospective situations in entrepreneurship.