What does the expression "There's no such thing as a free lunch" mean?
What will be an ideal response?
The use of resources to produce a good has an opportunity cost because of scarcity.
Economics
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Unintended births do not seem to be greater at lower income levels
Indicate whether the statement is true or false
Economics
The English economist, Thomas Malthus, believed that sustained growth of income per person would be impossible because of
a. rapid growth of capital formation if population increased above the subsistence level. b. rapid growth of population if income increased above the subsistence level. c. rapid growth of government if income increased above the subsistence level. d. political democracy if income increased above the subsistence level.
Economics