A Pessimistic Long Run Malthusian Result Is

question 18

Multiple Choice

A pessimistic long run Malthusian result is

• A) increases in land use lowers standards of living.
• B) higher labour supply does not increase total factor productivity.
• C) increases in capital stock does not achieve the steady state.
• D) improvements in technology does not improve standards of living.
• E) population control does not increase total factor productivity.

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Definitions:

Percentage

A proportion or share in relation to a whole, expressed as a fraction of 100.

Innovation

The process of creating new ideas, products, or methods, including the improvement of existing ones, to meet new requirements or market needs.

Product Innovation

The development of new or significantly improved goods or services to meet consumer needs or open new markets.

Process Innovation

Improvements in the methods or processes of producing goods or providing services to increase efficiency and reduce costs.