For economic growth to occur, the citizens of an economy must

Question

Quizplus · Accepted Answer

For economic growth to occur, citizens must be willing to save and invest their resources (such as money, time, and labor) into projects that will generate future returns. This requires sacrificing some current consumption in order to allocate resources towards future production. Therefore, choice B - sacrificing current consumption for future consumption, is the best answer. The other choices do not accurately reflect the tradeoffs necessary for economic growth.

For Economic Growth to Occur, the Citizens of an Economy