The tradeoff between current consumption and the production of capital goods also reflects a tradeoff between
A) the future production of capital goods and future consumption of goods.
B) economic growth and technological change.
C) satisfying today the needs of the poor and the wants of the wealthy.
D) current consumption and future consumption.

Question

Quizplus · Accepted Answer

The tradeoff between current consumption and the production of capital goods reflects a choice between using resources now for immediate satisfaction or investing them in capital goods that will enhance future production capabilities, thereby affecting future consumption.

The Tradeoff Between Current Consumption and the Production of Capital