Thomas Malthus' theory, a foundational concept in economics and demography, primarily addresses the relationship between population growth and the availability of resources, particularly food. The core idea revolves around the differing rates at which population and the food supply increase.
Let's examine each option in light of Malthus' theory:
This statement accurately captures the essence of Malthus' theory. It highlights the core issue (the imbalance between population and food) and its consequence (unavoidable hardships) and suggests the need for control (checks).
While Malthus discussed both voluntary (preventive) and involuntary (positive) checks, his primary focus was on the *inevitability* of hardships due to the growth differential. Comparing the effectiveness of different checks is a secondary aspect and not the central thesis of his theory.
This statement is the reverse of Malthus's actual argument. He famously stated that population grows geometrically and food supply grows arithmetically.
Malthus's theory was formulated before the significant technological advancements of the Industrial Revolution and beyond. His model assumes a slower, linear growth for food. While modern perspectives often challenge Malthus by citing technological progress, this statement does not represent the core of *his original theory* as described in his work.
Option 1 best summarizes Malthus's fundamental argument about the inherent tendency for population to outgrow the means of subsistence, leading to suffering and checks on population unless proactively managed.
| Column A (Laws) | Column B (Descriptions) |
| A. Law of Demand | 1. After a certain point, increasing input leads to declining marginal product. |
| B. Law of Diminishing Marginal Product | 2. Demand and price move in opposite directions when income increases. |
| C. Law of Variable Proportions | 3. Marginal product initially rises with input usage, then falls. |
Which of the following statement is correct?
I. Indifference curves are sloping from left to right.
II. Higher indifference curve gives a higher level of utility.
Match List I with List II:
List- I Shape of revenue curve of the firm | List – II Market structure | ||
A. | Kinked revenue-curve | (I) | Monopolistic competition |
B. | Infinitely elastic straight line curve | (II) | Perfect competition |
C. | Relatively less elastic curve | (III) | Oligopoly |
D. | Relatively high elastic curve | (IV) | Monopoly. |
Marginal revenue of a firm is constant throughout under _________.
The cost curve which is a rectangular hyperbola is:
Rare of inflation is equal to:
[A = Price Index]