Malthus Predicted That the Power of Population

question 55

Multiple Choice

Malthus predicted that the power of population

• A)was greater than the power of the earth to produce subsistence.His forecast was on the mark.
• B)was greater than the power of the earth to produce subsistence.His forecast was off the mark.
• C)was less than the power of the earth to produce subsistence.His forecast was on the mark.
• D)was less than the power of the earth to produce subsistence.His forecast was off the mark.

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Definitions:

Gas Tax

A government-imposed tax on the sale of gasoline, primarily used to fund transportation infrastructure projects.

Optimal Level

The most efficient, effective, or desirable point or degree for a specific purpose or condition.

Corrective Taxes

Taxes designed to encourage or discourage certain behaviors among consumers or producers, often used to correct the effects of a negative externality.

Coase Theorem

The proposition that if private parties can bargain without cost over the allocation of resources, they can solve the problem of externalities on their own