2. Theories of development In the following table, identify which economic development theory each statement belongs to. Malthusian Institutional Neoclassical Statement Theory Theory Theory The higher income level triggers a population boom that would drive income back to O O O the subsistence level. The long-term commitment incentivizes settlers to protect individual rights and limit O O O the powers of government. Physical and human capital and technological advances are the primary sources of O O O economic growth