Solved

Country X Devoted 70 Percent of Its Resources to Consumption

Question 88

Multiple Choice

Country X devoted 70 percent of its resources to consumption, while Country Y devoted 80 percent to consumption. Other things being equal, you can predict that


A) Country Xʹs economy will grow faster than Country Yʹs.
B) Country Yʹs economy will grow faster than Country Xʹs.
C) Country Xʹs opportunity cost of economic growth is lower than Country Yʹs.
D) Country Yʹs rate of capital accumulation is higher than Country Xʹs

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions