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Test: Theory of Optimum Population - B Com MCQ


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10 Questions MCQ Test Macro Economics - Test: Theory of Optimum Population

Test: Theory of Optimum Population for B Com 2024 is part of Macro Economics preparation. The Test: Theory of Optimum Population questions and answers have been prepared according to the B Com exam syllabus.The Test: Theory of Optimum Population MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Theory of Optimum Population below.
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Test: Theory of Optimum Population - Question 1

What is the primary focus of the optimum theory of population?

Detailed Solution for Test: Theory of Optimum Population - Question 1
The optimum theory of population is concerned with studying the relationship between the size of a population and the production of wealth in a country, considering its economic conditions. This theory contrasts with the Malthusian theory, which focuses on the relationship between population growth and food supply.
Test: Theory of Optimum Population - Question 2

What is the "optimum population" in the context of the theory?

Detailed Solution for Test: Theory of Optimum Population - Question 2
The "optimum population" refers to the ideal population size that, in combination with available resources and means of production, results in the maximum income per capita. It's the point where the relationship between population and income is optimized.
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Test: Theory of Optimum Population - Question 3

According to Dalton's formula, when would a country be considered over-populated?

Detailed Solution for Test: Theory of Optimum Population - Question 3
Dalton's formula defines over-population as a situation where the actual population exceeds the optimum population. This deviation from the optimum level can lead to reduced income per capita.
Test: Theory of Optimum Population - Question 4
What is the main criticism of the concept of "optimum population"?
Detailed Solution for Test: Theory of Optimum Population - Question 4
The concept of "optimum population" is criticized for overlooking the influence of social and institutional conditions on population levels in a country. These conditions can play a significant role in determining population needs beyond economic considerations.
Test: Theory of Optimum Population - Question 5
How does the optimum theory differ from the Malthusian theory?
Detailed Solution for Test: Theory of Optimum Population - Question 5
The key difference between the two theories is that the Malthusian theory addresses the population problem considering a country's economic conditions, while the optimum theory focuses on the relationship between population and wealth production in accordance with economic factors.
Test: Theory of Optimum Population - Question 6
In the context of the optimum theory, what happens when the average product of labor starts falling?
Detailed Solution for Test: Theory of Optimum Population - Question 6
When the average product of labor starts falling, it indicates that the per capita income is at its highest point. This marks the optimum level of population, where further increases or decreases in population would result in lower income per capita.
Test: Theory of Optimum Population - Question 7
How does the optimum theory view the increase in population beyond the optimum level?
Detailed Solution for Test: Theory of Optimum Population - Question 7
The optimum theory recognizes that increasing population beyond the optimum level leads to a decrease in income per capita. Therefore, it suggests that population growth should be controlled to maintain or return to the optimum level for maximum economic welfare.
Test: Theory of Optimum Population - Question 8
Why is the optimum theory considered more dynamic than the Malthusian theory?
Detailed Solution for Test: Theory of Optimum Population - Question 8
The optimum theory is more dynamic as it considers changes in technology, techniques of production, and other economic factors that can influence the relationship between population and wealth over time. This makes it more adaptable to changing circumstances than the static Malthusian theory.
Test: Theory of Optimum Population - Question 9
What distinguishes the optimum theory from the Malthusian theory in terms of population growth and wealth production?
Detailed Solution for Test: Theory of Optimum Population - Question 9
The optimum theory recognizes the relationship between population growth and the production of wealth in a country, taking into account economic conditions. This is in contrast to the Malthusian theory, which primarily relates population growth to food supply.
Test: Theory of Optimum Population - Question 10
What is the main limitation of the concept of "optimum population"?
Detailed Solution for Test: Theory of Optimum Population - Question 10
One of the main limitations of the concept of "optimum population" is that it lacks a fixed and measurable definition. The ideal population size involves qualitative and quantitative factors that can change over time, making it difficult to determine a definitive value.
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