What Is the Key Difference Between Thomas Malthus and Michael

question 27

Multiple Choice

What is the key difference between Thomas Malthus and Michael Kremer's theories about population growth?

• A) Kremer argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Malthus argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
• B) Kremer argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Malthus argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.
• C) Malthus argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Kremer argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
• D) Malthus argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Kremer argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.

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Definitions:

Framing Effect

A cognitive bias where people decide on options based on whether they are presented in a positive or negative way.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision.

Creativity

The ability to produce original and valuable ideas or solutions.

Writing Skills

The ability to express ideas and thoughts clearly and effectively in written form.