Thomas Malthus's Predictions Turned Out to Be Wrong Due to

question 82

Multiple Choice

Thomas Malthus's predictions turned out to be wrong due to

• A)technological advances such as those during the Industrial Revolution.
• B)smaller populations now than in the time of Malthus.
• C)the effects of brain-drain.
• D)unlimited natural resources.

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Definitions:

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, having nearly the same utility or function.

Productivity

A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.

Derived Demand

The demand for a good or service that arises from the demand for another good or service.

Final Product

A final product refers to a good or service that has completed all stages of production and is ready for sale or consumption.