ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -In it, Malthus argued that populations inevitably expand until they outgrow their available food supply, causing the population growth to be reversed by disease, famine, war, or calamity.
Detailed explanation-2: -Malthusian Theory: Malthus stated that population increased in a geometric progression (ie., 2, 4, 16, 132…) while food production increased in arithmetic progression (ie., 2, 4, 6, 8…). Thus population grew faster than food production and tended to outstrip it in a short time.
Detailed explanation-3: -In 1798 Thomas Robert Malthus famously predicted that short-term gains in living standards would inevitably be undermined as human population growth outstripped food production, and thereby drive living standards back toward subsistence.