Multiple Choice
One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs.The growth that arises from capital accumulation is not a free lunch.It requires that society
A) conserve resources for future generations.
B) sacrifice consumption goods and services now in order to enjoy more consumption in the future.
C) recycle resources so that future generations can produce goods and services with the accumulated capital.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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