Question

In: Economics

Question 1: True/False/uncertain For each statement, state whether you think it is True, False or Uncertain...

Question 1:

True/False/uncertain

For each statement, state whether you think it is True, False or Uncertain and give a short explanation for your answer.

a) Malthus predicted that the population of an economy should be stable in the long run.

b) Poor countries have not experienced a demographic transition.

c) Improvement in GDP per capita of a country should result in lower number of missing women.

Solutions

Expert Solution

a) Malthus predicted that the population of an economy should be stable in the long run. its false, because according to malthus  population growth is potentially exponential while the growth of the food supply is linear. population will grow in geometric progression while food supply will grow at arithmetic progression so the population is not stable rather its increasing.

b) Poor countries have not experienced a demographic transition. the statement is false because in demographic transition there different phases like high birth high death rate, high birth low death rate and low birth low death rate. so every country in the world after the progression of science and technology have experienced some phases of demographic transition. so its impossible that the poor countries have not experienced any transition.

c) Improvement in GDP per capita of a country should result in lower number of missing women. its an uncertain situation because there is no gurantee that an improved gdp will lead to sefety of women.


Related Solutions

For each question state whether the statement in bold is true, false or uncertain. Give a...
For each question state whether the statement in bold is true, false or uncertain. Give a precise and concise justification for your answer. Your justification may include graphs if necessary. (a) If leisure is normal, the labor supply curve is always “backward bending.” (b) Sam receives half of his income in wages and half of his income in dividends. He currently takes negligible leisure. Sam would be indifferent between a 5% increase in his wage rate and a 5% increase...
For each of the following statements, state whether you think the statement is true, false, or...
For each of the following statements, state whether you think the statement is true, false, or uncertain; and explain your answer. If an individual holds a whole-life insurance policy, it is not necessary to monitor the policy periodically. If the stock market is efficient, the best strategy is buy and hold for the long term. A young person should always buy term insurance and not whole-life insurance.
Question 1: True, False or uncertain (16 marks) Explain whether each of the following statement is...
Question 1: True, False or uncertain Explain whether each of the following statement is true, false or uncertain. Start your answer by selecting one of the three statements – “True”, “False” and “Uncertain” and then provide arguments to justify your selection (be brief and concise in less than 100 words). You need to make assumption clear, reasonable and explicit if making any. The quality and logic of arguments determine your marks. (4 marks each) An increase in the money multiplier...
Say whether you think the statement is true, false, or uncertain; and support your answer in...
Say whether you think the statement is true, false, or uncertain; and support your answer in a few lines. 1. Consider two similar economies hit by the same temporary negative supply shock. In the economy with the more credible monetary policy, there will be smaller increases in both ináation and the real interest rate. 2. If the public believes the commitment to a nominal anchor to be credible, the e§ect of a negative aggregate demand shock is for short-run aggregate...
Say whether you think the statement is true, false, or uncertain; and support your answer in...
Say whether you think the statement is true, false, or uncertain; and support your answer in a few lines. 1. The real business cycle model suggests that, with aggregate demand unchanged, increases in output would be associated with a decline in inflation. 2. What is the divine coincidence? When and why does it not hold true? 3. Suppose the economy is in a long-run equilibrium when a temporary, favorable aggregate supply shock occurs. Using graphs, show what happens to bring...
State whether the following statement is True, False, or Uncertain. Be sure to explain your answer....
State whether the following statement is True, False, or Uncertain. Be sure to explain your answer. The marginal propensity to consume from a permanent parallel upward shift in the production function is smaller than the marginal propensity to consume from a temporary parallel upward shift in the production function.
Indicate whether each of the following statement is true, false, or uncertain, and justify your answer....
Indicate whether each of the following statement is true, false, or uncertain, and justify your answer. (a) If a company can choose to treat the cost of developing new software as capital expense or current expense for tax purpose, the company would treat it as capital expenses so that it is counted as investment. (b) Capital goods purchases are deducted both in the current VAT scheme in Korea and in the corporation income tax. (c) Theoretically, conditional grant and unconditional...
Indicate whether each of the following statement is true, false, or uncertain, and justify your answer....
Indicate whether each of the following statement is true, false, or uncertain, and justify your answer. (a) Tax is just the transfer of welfare as the sum people pays is the revenue of the government. (b) If the elasticity of demand is 0, or there is no change in quantity traded due to taxation, there is no excess burden of the tax. (c) Marginal excess burden is greater than average excess burden. (d) Imposition of Pigouvian tax to correct externality...
For each of the following statements determine if the statement is TRUE, FALSE, or UNCERTAIN. You...
For each of the following statements determine if the statement is TRUE, FALSE, or UNCERTAIN. You must justify your answer graphically. No credit will be given without an explanation. (a) “According to the large-open economy model, if Japan (a large open economy) were to decrease its taxes it would cause both the real interest rate and net exports to increase.” [Hint: In your answer you will need to draw three diagrams] (b) “In the Solow Model with no technological progress,...
Indicate whether True, False, or Uncertain. Then provide a brief statement indicating WHY true or false,...
Indicate whether True, False, or Uncertain. Then provide a brief statement indicating WHY true or false, or if the statement is ambiguous, what would need to be altered to the statement to make it clearly true or false. a) Publicly provided insurance may crowd out the purchases of those who would pay for private insurance. b) The existence of moral hazard provides an argument for both market failure and government failure in insurance markets. c) If there were no free-riding,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT