Thomas Malthus Was Pessimistic About the Ability of a Society

question 257

Multiple Choice

Thomas Malthus was pessimistic about the ability of a society to achieve high standards of living for most of its citizens because he believed that:

• A)Government has a natural tendency to run deficits that would eventually bankrupt a nation.
• B)Significant population growth would result in shortages of food and resources.
• C)Owners of businesses would deliberately exploit their employees in an attempt to earn greater profits,and this would ultimately lead to a worker's revolt.
• D)High tax rates would eventually undermine people's incentives to work hard and create wealth.

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Definitions:

Variable Cost

A cost that varies with the level of output, including expenses such as materials and labor directly tied to the production volume.

Units Sold

The cumulative amount of a product sold over a designated time frame.

Period Costs

Expenses that are not directly tied to production and are accounted for in the period in which they are incurred, such as selling and administrative expenses.

September

The month that appears as the ninth in the sequence of months in the Gregorian calendar.