Author Question: In theory, ___________ acts as a balance to excessive profits. When producers vie with one another ... (Read 18 times)

erika · **on:** Jul 2, 2018

In theory, ___________ acts as a balance to excessive profits. When producers vie with one another for customers, they must be able to offer innovative goods and services at aggressive prices.

a. competition
b. communism
c. capitalism
d. conspicuous monopoly

Question 2

English economist Thomas Malthus argued that the population would increase in a geometric (exponential) progression whereas the food supply would increase only by an arithmetic progression thus, a __________ occurs.

a. doubling effect
b. negative check
c. preventive check
d. limit to growth