Jake Considers Himself to Be a Follower of Thomas Malthus

question 312

Multiple Choice

Jake considers himself to be a follower of Thomas Malthus. Which of the following statements would Jake be most likely to make?

• A) The key to economic growth is to keep taxes and government regulations to a minimum.
• B) Command economies are more likely to encourage economic growth than free market economies.
• C) Allowing people to follow their self-interest is the best way to generate economic growth and prosperity.
• D) A society will not experience sustainable economic progress unless it accepts the need to limit population growth.

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue; calculated as sales divided by average assets.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including income statement, balance sheet, and statement of cash flows.

Stock Market

A marketplace where stocks (shares of ownership in businesses) are bought and sold.

Return on Sales

A financial metric used to evaluate a company's operational efficiency by dividing net income by revenue.