There is a trade-off between
A) saving and investment.
B) current production and future consumption.
C) current consumption and future consumption.
D) consumption and spending.

Question

Quizplus · Accepted Answer

The correct choice is C) current consumption and future consumption. This is because when individuals or societies decide to consume more now, they often have to save and invest less, which reduces the amount of consumption possible in the future. Conversely, saving more now (and consuming less) typically allows for greater consumption in the future due to the returns on investments made with those savings.

There Is a Trade-Off Between