Thomas Malthus's Explanation of Workers' Misfortunes Was That

question 55

Multiple Choice

Thomas Malthus's explanation of workers' misfortunes was that

• A) the population was outgrowing the food supply and leading to falling wages.
• B) workers were immoral and destined to fail.
• C) the weak would perish and the strong would survive.
• D) workers needed to work harder and longer hours.
• E) the government was uncaring.

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Definitions:

Government Expenditures

Total spending by the government on goods, services, and public projects, including salaries of public servants, social programs, and infrastructure projects.

Distortions

Refers to alterations or imperfections in economic market conditions that lead to inefficient resource allocation and outcomes.

Consumption

Spending by households on goods and services, with the exception of purchases of new housing.

Money Balances

The total amount of money held by individuals or entities in the form of cash or bank deposits.