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Author Question: What were the negative results predicted by Malthus' and how can we avoid such ... (Read 63 times)

nmorano1

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on: Jun 30, 2018
What were the negative results predicted by Malthus' and how can we avoid such results?

Question 2

Gains from trade can be realized if each country specializes in the production of a good in which it has a comparative advantage.
 a. True
  b. False
  Indicate whether the statement is true or false


mistyjohnson

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Malthus predicted that per capita income would eventually decline to a subsistence level of income. We can avoid such a result through technological advance at a pace sufficient enough to offset the diminishing marginal return on existing natural resources.

Answer to Question 2

True


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