Thomas Malthus argued that ?

Related Mcqs:

A reasonable measure of the standard of living in a country is ?

A. real GDP per person B. nominal GDP per person. C. Real GDP D. The growth rate of nominal GDP per person...

When a national has very little GDP per person ?

A. it is doomed to being relatively poor forever B. none of these answers C. an increase in capital will likely have little impact on output D. it has the potential to grow relatively quickly due to the “catch-up-effect” E. It must be a small nation....

Once a country is wealthy ?

A. it no longer needs any human capital B. capital becomes more productive due to the “catch-up- effect” C. none of these answers D. it may be harder for it to grow quickly because of the diminishing returns to capital...

For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?

A. labor B. physical capital/worker C. human capital/worker D. natural resources/worker...

If a production function exhibits constant returns to scale ?

A. doubling all of the inputs more than doubles output due to the catch-up effect B. doubling all of the inputs has absolutely no impact on output because output is constant C. doubling all of the inputs less than doubles output due to diminishing returns D. doubling all of the input’s doubles output...