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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Thomas Robert Malthus believed that population growth would

a. put stress on the economy’s ability to produce food, dooming humans to remain in poverty.

b. spread the capital stock too thinly across the labor force, lowering each worker’s productivity.

c. promote technological progress, because there would be more scientists and inventors.

d. eventually decline to sustainable levels, as birth control improved and people had smaller families.

To determine

Malthusian theory of population.

Explanation

Option (a):

According to the Malthusian theory of population, ever-increasing population would continually strain society’s ability to provide for itself and as a result, mankind would be doomed to forever live in poverty. Thus, option ‘a’ is correct.

Option (b):

This effect of population growth is put forth by modern economists or theorists...

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