Thomas Malthus Was Pessimistic About the Ability of a Society

question 251

Multiple Choice

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

• A) government has a natural tendency to run deficits that would eventually bankrupt a nation.
• B) significant population growth would result in shortages of food and resources.
• C) owners of businesses would deliberately exploit their employees in an attempt to earn greater profits, and this would ultimately lead to a worker's revolt.
• D) high tax rates would eventually undermine people's incentives to work hard and create wealth.

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Definitions:

Cooperation

The process of groups or individuals working together towards a common goal, often leading to mutual benefit.

Self-Interest

The motivation driving individuals to pursue their own welfare, often guiding economic decisions and behaviors.

Dominant Strategy

A strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Sherman Antitrust Act

A landmark 1890 U.S. legislation aimed at prohibiting monopolies and other practices that restrained competition and trade.