indv103 test notes

indv103 test notes - uncontrollable population growth and...

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INDV103 Test Review Ch 5-9 seabright ch 4 heilbroner (Malthus and recardo) -what was the book that Malthus wrote? 60% mc questions 40% essay Thomas Malthus -an essay of the principle of population as it affects the future improvement of society -population growth tends to outstrip all possible means of subsistence- scarcity in the survival sense -concerned with two problems affecting the long-run stability of society-
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Unformatted text preview: uncontrollable population growth and general gluts (recessions) David Ricardo-principles of political economy-comparative advantage- was the first to argue the individuals and nations benefited when they specialized in areas where they possessed a comparative advantage- Theory of Rent- all landlords who own land that is more than minimally profitable.etc etc etc....
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