Multiple Choice
Is it possible to have economic growth with no opportunity cost?
A) No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow.
B) No, but economic growth is always worth whatever sacrifice is required.
C) No, because growth requires the sacrifice of consumption goods in order to invest in capital formation and research and development.
D) Yes, economic growth requires no current sacrifices, only the passage of time.
Correct Answer:
Verified
Correct Answer:
Verified
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