Questions
Questions

ECON3_WI25_A00 Online Quiz 1

Single choice

Thomas Malthus, an 18th-century British economist, introduced the concept of the Malthusian Trap. According to this theory, which of the following statements best describes the dynamics of technological improvement, population, and living standards in pre-industrial societies?

Options
A.A technological improvement temporarily raises the average product of labor, and thus living standards; population increases in response until the average product labor declines back to subsistence income level.
B.Population growth is irrelevant to economic development, as it is primarily driven by external factors like trade and colonialism.
C.Technological advancements in agriculture consistently outpace population growth, leading to a steady increase in per capita income and a continuous improvement in living standards.
D.The Malthusian Trap suggests that societies with higher population growth rates experience faster economic development due to increased labor availability.
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Step-by-Step Analysis
In this question, we’re evaluating the Malthusian view of pre-industrial dynamics involving technology, population, and living standards. Option A: It states that a technological improvement temporarily raises the average product of labor and thus living standards, but then population increases in response until the average product of labor declines back to subsistence. This captures the core Malthusian idea: gains from t......Login to view full explanation

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