Thomas Malthus argued that
A) Population grows at an arithmetic rate.
B) Population growth would exceed the growth in the food supply.
C) Production grows at a geometric rate.
D) None of the above.
Answer: B
Economics
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a. The United States became the leading manufacturer in the world in terms of total production and output per worker. b. The quality of manufactured goods dropped c. American families bought fewer finished products, and instead saved money by increasingly buying materials and building things at home. d. No advertising was used because TV and radio had not yet been invented.
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Why would a firm in balanced oligopoly choose a tit-for-tat strategy?
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