Both Malthus and Ricardo Erred in Expecting an Eventual Termination

question 39

Multiple Choice

Both Malthus and Ricardo erred in expecting an eventual termination of economic growth by

• A) neglecting the potential for population control.
• B) believing that the law of diminishing marginal returns applies solely to land.
• C) assuming a constant marginal productivity of labor.
• D) neglecting the role of the credit system.
• E) underestimating the extent and impact of technological change.