Multiple Choice
Is it possible to have economic growth with no opportunity cost?
A) Yes, economic growth requires no current sacrifices-only the passage of time.
B) No, but economic growth is always worth whatever sacrifice is required.
C) No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow.
D) No, because growth requires the sacrifice of consumption goods in order to invest in such things as capital formation and research and development.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Many scholars believe that the importance of
Q30: Which of the following factors contribute to
Q31: The higher opportunity cost of obtaining an
Q32: Generally there is an inverse relationship between
Q33: The prosperity of a nation today is
Q35: If there was both an increase in
Q36: Most modern economists agree that there is
Q37: A nation can achieve higher economic growth
Q38: Which of the following countries is lacking
Q39: Economists generally define economic growth as an