31) Thomas Robert Malthus believed

A) that food supplies would always be more than sufficient to feed the world?s population. B) that the world?s population would eventually outstrip food supplies.

C) that population growth was good for the world.

D) that population growth would eventually lead to an increase in the quality of life for

everyone.

32) According to many economists, as nations become wealthier, what happens to family sizes?

A) They increase.          B) They decline.

C) There is no effect.         D) They increase, but later in life.

33) When analyzing stages of economic development in the United States, it appears that we have entered the ?tertiary stage.? This is a stage marked by a shift toward

A) agriculture.           B) manufacturing.

C) services.            D) population increases.

34) Which of the following factors are considered by economists who study economic development to be directly related to the rate of economic growth?

A) plentiful natural resources       B) openness to international trade. C) an educated population       D) All of the above are correct.

35) All of the following are keys to economic development EXCEPT A) an educated workforce.

B) establishment of a system of property rights. C) minimizing ?creative destruction.?

D) open economies.

36) Which of the following factors would economists consider ?key? to economic development?

A) expansionary monetary policy

B) establishing a system of property rights

C) policies that promote consumption expenditures by households

D) All of the above are correct

37) Limiting protectionism means

A) reducing trade barriers.       B) reducing corruption.

C) reducing consumer fraud.       D) reducing political dishonesty.

38) Which of the following do development economists NOT recommend to nations seeking to increase their rates of economic growth?

A) protecting home producers from international competition

B) letting creative destruction run its course

C) promoting increased education

D) promoting private property rights

39) An educated populace contributes to economic growth because

A) schools provide many jobs for teachers.

B) education allows workers to develop skills that increase their productive capabilities. C) educated people are more likely to live in poverty.

D) educated people understand the importance of protectionism.

40) Institutions and laws, such as patent protection, that foster innovations lead to economic growth because they

A) allow the government control of the innovations.

B) give confidence to inventors that they will profit from their innovation.

C) give confidence to consumers that the products they buy are safe. D) give businesses loans to buy new machinery.

41) According to the United Nations, the largest expected growth in population for the coming decades will occur on which continent?

A) Europe     B) South America  C) North America  D) Africa

42) It can be argued that Thomas Malthus? statement that population growth will always outstrip food production has been discredited due to

A) increase in the world–wide farming population. B) less world–wide consumption of grains.

C) improvement in technology of food production.

D) increase in food processing facilities.

43) Of the following, which best explains why Thomas Malthus was incorrect in his prediction that population would outstrip food supplies?

A) Malthus failed to realize that that human population would increase considerably.

B) Malthus failed to recognize that economic growth is accompanied by smaller family sizes. C) Malthus incorrectly believed that economic growth would reduce birthrates.

D) Malthus incorrectly predicted that modernization would increase the demand for children.