Over the last 20 years,countries such as India and China have
A) consumed heavily with little regard for the future.
B) invested heavily and enjoyed significant economic growth.
C) eliminated the problem of scarcity.
D) produced outside their production possibilities frontiers (PPFs).
E) produced wholly for current consumption.

Question

Quizplus · Accepted Answer

India and China have invested heavily in their respective economies, leading to significant economic growth. This growth has been backed by an increase in both domestic and foreign investments, modernization of industries, and a focus on technology and innovation. While there may have been some consumption-heavy practices, their overall growth has been due to investment rather than consumption.

Over the Last 20 Years,countries Such as India and China