Faster economic growth imposes an opportunity cost in the form of

Question

Quizplus · Accepted Answer

Faster economic growth often requires increased investment, which means that resources must be diverted from current consumption. This represents an opportunity cost in the short-term, but can lead to higher future income and a larger capital stock. Therefore, the best choice is A, reduced current consumption, as it represents a real trade-off in the present for potential benefits in the future.

Faster Economic Growth Imposes an Opportunity Cost in the Form