For what kind of society does a shift away from the production of capital goods and toward the production of consumer goods make sense?
A) a society with a scarcity of natural resources
B) a society with a high unemployment rate
C) a society with a low per-capita income
D) a society with a large per-capita stock of capital goods
E) a society with a large population

Question

Quizplus · Accepted Answer

A shift towards the production of consumer goods is more sensible for a society with a large per-capita stock of capital goods because it indicates that the society already has a substantial amount of infrastructure and machinery (capital goods) to support the production of consumer goods. This shift can help in meeting the immediate needs and improving the quality of life of its citizens.

For What Kind of Society Does a Shift Away from the Production