According to Conservative Analyst Julian Simon, the Fact That the Planet

question 40

Multiple Choice

According to conservative analyst Julian Simon, the fact that the planet supports six times as many people as it did when Malthus was alive is cause for

• A)gloom.
• B)laws to limit population.
• C)celebration.
• D)a major increase in spending to study environmental issues.

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Definitions:

Circular Flow

An economic model that depicts how money moves through the economy, from production to income to consumption and back to production.

Net Domestic Product

Gross domestic product minus depreciation.

Depreciation

The process by which the value of an asset decreases over time, often due to wear and tear or obsolescence.

Transfer Payments

Payments made by the government to individuals without the expectation of goods or services in return, such as welfare benefits and social security.