Economics · Demography
In the context of the Demographic Transition Theory, Malthusian concepts link population pressure to resource limits. Which of the following statements best describes the broader context of the Law of Diminishing Returns in production?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It applies when successive units of a variable factor are added to fixed factors, causing marginal output to decline.✓
- 2It applies when birth and death rates are both extremely high.
- 3It applies when population declines at a rapid rate.
- 4It applies when population growth becomes excessive and food production grows arithmetically.
Correct answer
It applies when successive units of a variable factor are added to fixed factors, causing marginal output to decline.
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