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Both Malthus and Ricardo Erred in Expecting an Eventual Termination

Question 34

Multiple Choice

Both Malthus and Ricardo erred in expecting an eventual termination of economic growth by


A) neglecting the potential for population control.
B) believing that the law of diminishing marginal returns applies solely to land.
C) assuming a constant marginal productivity of labor.
D) neglecting the role of the credit system.
E) underestimating the extent and impact of technological change.

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