Author Question: The Malthusian theory A) shows that the production function will shift upward continuously. B) ... (Read 80 times)

luminitza · **on:** Jun 29, 2018

The Malthusian theory

A) shows that the production function will shift upward continuously.
B) predicts that the real GDP per person will continue to increase as long as technology increases.
C) is also called the classical growth theory and predicts that we will run out of resources.
D) claims that the subsistence wage will increase over time.
E) is also called the neoclassical growth theory.

Question 2

The sum of the balances of the three accounts of the balance of payments (the current account, the capital and financial account, and the official settlements account) is

A) positive if there is a balance of trade surplus or negative if there is a balance of trade deficit.
B) negative if there is a balance of trade surplus or positive if there is a balance of trade deficit.
C) equal to zero.
D) positive if there is a balance of trade surplus.
E) negative if there is a balance of trade deficit.