Thomas Malthus Was an Economist Who Contributed to the _{--------------------}theory

question 16

Multiple Choice

Thomas Malthus was an economist who contributed to the _{--------------------}theory of growth.

• A)Keynesian
• B)classical
• C)socialist
• D)new growth
• E)neoclassical

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Definitions:

Vertical Axis

In a graph or chart, the vertical line that usually shows the scale of values for the variable measured.

Utility Function

A mathematical representation in economics that explains how individuals rank preferences or choices to maximize satisfaction.

Indifference Curves

Indifference curves represent combinations of goods between which a consumer is indifferent, showing the trade-offs in consumption that yield equal satisfaction.

Horizontal Axis

In a graph or chart, the x-axis, which typically represents the independent variable or the base for measurement comparisons.