Answer the following options (Q#11)  The population on the African continent has grown enormously in the past           60 years and will continue to grow in this manner for the next 60 years.           What is the prediction of the Classical/Malthusian growth theory for this area?   (a)  The government–supported adoption of advanced technology from other           countries will allow Africa to generally prosper.   (b)  The profit seeking actions of indigenous entrepreneurs along with the active          role of Chinese companies will lead Africa to become an economic giant   (c)  The inability of the supplies of food and water to keep pace with the growth          in the population may lead to rising levels of poverty and hunger.

ENGR.ECONOMIC ANALYSIS
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Answer the following options

(Q#11)  The population on the African continent has grown enormously in the past
          60 years and will continue to grow in this manner for the next 60 years.
          What is the prediction of the Classical/Malthusian growth theory for this area?

  (a)  The government–supported adoption of advanced technology from other 
         countries will allow Africa to generally prosper.
  (b)  The profit seeking actions of indigenous entrepreneurs along with the active
         role of Chinese companies will lead Africa to become an economic giant
  (c)  The inability of the supplies of food and water to keep pace with the growth
         in the population may lead to rising levels of poverty and hunger.

 

Q#12)  The populations of Middle Eastern countries have grown tremendously in 
          the last 50 years and should continue to grow in future decades.  Yet, these 
          countries may come to be lacking in food production resources, including arable 
          land and potable water. What is the prediction (and policy approach) of the 
          Neoclassical growth theory for this area?

 (a)  The mismatch between population and food production growth could lead to 
        poverty, hunger and strife (wars)
 (b)  Government efforts to promote food production and water desalination will 
         allow these countries to overcome their difficulties.
 (c)  The profit seeking actions of domestic companies will lead to innovative solution no matter how intractable the problems may be

 

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