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.
If in a production process, all inputs are tripled, which of the following statements follows?
I. If the output is tripled, then decreasing returns to scale apply.
II. When the output is doubled, constant returns to scale apply.
III. If the output is more than tripled, then increasing returns to scale apply.
A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as________.
If the two goods are substituted, then the indifference curve will be:
The government multiplier is given by (where c = MPC and t = tax rate)