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Exam 15: History, Demography, and the Growth of Modern Medicine

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Question 21

Multiple Choice

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At which point in the history of mankind did societies start to experience the need to develop property rights?

A) Stone Age
B) Agricultural Age
C) Industrial Age
D) Information Age
E) The exact time point cannot be easily established by historians.

F) A) and B)
G) A) and C)

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Question 22

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The law of diminishing marginal returns is a key theoretical contribution of The Malthusian Hypothesis.

A) True
B) False

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Question 23

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What was the major contribution of Thomas Malthus to the economic thought?

Recent studies confirm that the elderly population seems to be willing to give up almost an entire year of average life expectancy in exchange for the reduction of variability in their life expectancy by 2 years.

Immigration is simply a movement of people from one country to another, so calculation of population growth rates on a world-wide basis does not include immigration.

Population growth during the Stone Age meant that when the world population had reached about 4,000,000, it began to strain the available food sources. As a result, economic development in areas such as animal husbandry and plant cultivation arose to meet those needs.

The effect of income on health may vary across different age groups.

Population growth during the Demographic Transition in the Industrial Age is driven by declining mortality and increasing fertility.

The necessary catalyst for development of social insurance programs for health care was the

When it comes to planning your future, the smaller is the risk of losing your wealth or health, the more secure you feel. Thus, reducing those risks is of value. Which factors would be important to you if you decide to estimate the value you would place on risk reduction?