Which of the following statements is correct for a society that emphasizes the production of capital goods over consumer goods?
A) The society could enjoy the same quantity of capital goods and a larger quantity of consumer goods in the future.
B) The society would have to save more now than a society that did not emphasize the production of capital goods.
C) The society will grow faster than a society that emphasizes the production of consumer goods.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

All the statements are correct because focusing on capital goods production leads to future growth, necessitates current savings, and eventually allows for increased production of both capital and consumer goods.

Which of the Following Statements Is Correct for a Society