One of the Ten Principles of Economics in Chapter 1

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. What is the opportunity cost of that capital accumulation?

A) People need to work longer hours, thus having less time for leisure.
B) People need to consume less goods and services now in order to enjoy more consumption in the future.
C) People need to recycle resources so that future generations can produce goods and services with the accumulated capital.
D) People need to devote less time in school and more at work.