Jake Considers Himself to Be a Follower of Thomas Malthus

question 312

Multiple Choice

Jake considers himself to be a follower of Thomas Malthus. Which of the following statements would Jake be most likely to make?

• A) The key to economic growth is to keep taxes and government regulations to a minimum.
• B) Command economies are more likely to encourage economic growth than free market economies.
• C) Allowing people to follow their self-interest is the best way to generate economic growth and prosperity.
• D) A society will not experience sustainable economic progress unless it accepts the need to limit population growth.

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Definitions:

Theory Of Rent

A principle explaining how the price and allocation of land and its resources are determined based on their use, productivity, and locational advantages.

Efficiently Allocating

The process of distributing resources in a manner that maximizes the net benefits received from their use.

Long-term Investment

Assets that are held for an extended period, typically over one year, to generate growth, income, or capital gains, such as stocks or real estate.

Present Value

The existing value of a forthcoming sum of money or cash flow sequence, adjusted for a specific return rate.