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Thomas Malthus Was Pessimistic About the Ability of a Society

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Thomas Malthus was pessimistic about the ability of a society to achieve high standards of living for most of its citizens because he believed that:


Definitions:

Premium

The amount paid for a contract or policy over and above its nominal value or for a product above its market price due to special features or quality.

Direct Exchange Rate

The amount of domestic currency needed to purchase one unit of a foreign currency.

Canadian Dollar

The currency of Canada, represented by the symbol CAD and often referred to as the "loonie" due to the loon depicted on the one-dollar coin.

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