Which of the following ideas were central to the conclusions drawn by Thomas Malthus in his 1798 Essay on the Principle of Population?
A) Short-run time period
B) Shortage of labor
C) Law of diminishing resource availability
D) Law of diminishing returns
Question 2
Given the information in Figure 14.4, the monopsony wage rate is:
A) W1.
B) W2.
C) W3.
D) W4.
E) none of the above