Profits as a Reward to Risk and Uncertainty Is a Theory

question 27

Multiple Choice

Profits as a reward to risk and uncertainty is a theory closely associated with

• A) Karl Marx.
• B) Henry George.
• C) Frank Knight.
• D) Thomas Malthus.
• E) Joseph Schumpeter.

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Definitions:

Iteroparous

Having repeated reproductive cycles throughout a lifetime. Compare with semelparous.

Density-Dependent Factor

An environmental factor whose effects on a population change as population density changes; tends to retard population growth as population density increases and enhance population growth as population density decreases. Compare with density-independent factor.

Negative Feedback

A regulatory mechanism in which a stimulus causes an opposite output in order to maintain an ideal level of whatever is being regulated.

Type-II Survivorship

A survivorship curve in which individuals are equally likely to die at any age, representing a relatively constant mortality rate throughout the organism's life.