Question

(p. 31) Thomas Malthus was pessimistic about the ability of societies to achieve high standards of living for most of their citizens because he believed that:
A. the government had a natural tendency to run deficits that would eventually bankrupt the country.
B. population growth would result in shortages of food and resources.
C. owners of businesses would deliberately exploit their employees in an attempt to earn greater profits, and this would ultimately lead to a worker's revolt.
D. high tax rates would eventually undermine people's incentives to work hard and create wealth.

Answer

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