According to Malthusian Theory

question 29

Multiple Choice

According to Malthusian theory,

• A)improved agricultural technology would eliminate food shortages which, in turn, would accelerate population growth.
• B)food shortages and consequent population decline among the masses would occur because the rich would take the food surplus from the poor.
• C)food shortages due to population growth would lead to war, disease, and starvation that would then slow population growth.
• D)modern medicine would decrease the mortality rate and increase the fertility rate, thus creating massive overpopulation.

Identify and describe the primary sources of federal revenue.

Differentiate between government purchases and transfer payments.

Calculate and interpret marginal and average tax rates.

Recognize the role and impact of taxes on income distribution.

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Definitions:

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable by holding others constant.

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.

Bond

A fixed-income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest and the return of the principal at maturity.

Treasury Bill

Short-term, highly liquid government debt obligation issued at a discount from the face value and returning the face amount at maturity.