Of the following, which best explains why Thomas Malthus was incorrect in his prediction that population would outstrip food supplies?
A) Malthus failed to realize that that human population would increase considerably.
B) Malthus failed to recognize that economic growth is accompanied by smaller family sizes.
C) Malthus incorrectly believed that economic growth would reduce birthrates.
D) Malthus incorrectly predicted that modernization would increase the demand for children.
B
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Answer the following statement(s) true (T) or false (F)
1. A budget surplus occurs if the amount of government spending is greater than the amount of tax revenues during a fiscal year. 2. The term "full employment" means that the unemployment rate is equal to zero. 3. Contractionary policies stimulate the economy to grow. 4. If the European economy is booming and US exports increase, aggregate demand (AD) increases. 5. Efficiency wages, a Keynesian theory of unemployment, posits that wages higher than the equilibrium wage are a cause of unemployment.
All eight countries known as the High Performance Asian Economies are outwardly oriented for trade and investment, and all have experienced rapid growth by world standards
Indicate whether the statement is true or false