Which of the following ideas were central to the conclusions drawn by Thomas Malthus in his 1798 "Essay on the Principle of Population"?
A) Short-run time period
B) Shortage of labor
C) Law of diminishing resource availability
D) Law of diminishing returns
D
Economics
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Which of the following is not an important antitrust law?
A) the Sherman Act of 1890 B) the Clayton Act of 1914 C) the Consumer Protection Act of 1932 D) the Federal Trade Commission Act of 1914 E) None of the above are antitrust laws.
Economics
What are the advantages and disadvantages of resource allocation under monopolistic competition compared to perfect competition?
Economics