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:

Leasehold Estate

The leased property.

Premises

Land and the buildings on it, referred to especially in the context of business or law.

Rental Area

The specific portion of a property that is available for lease or rent to tenants.

Rent Ceilings

Government-imposed limits on the maximum amount that can be charged for renting a property, aimed at protecting tenants from excessive rent increases.