The Malthusian theory said that population tended to grow in a(n) _____ progression, while the food supply tended to grow in a(n) _____ progression.

According to Tobin's q theory, when equity prices are low the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________

A) cheap; low B) dear; low C) cheap; high D) dear; high

Regulation

A) always increases consumer surplus. B) passes the cost-benefit test. C) solves market failures of all size. D) None of the above.