The opportunity cost of economic growth is ________ and the benefit of economic growth is ________.

Question

Quizplus · Accepted Answer

Economic growth requires resources to be diverted away from current consumption and invested in productive assets such as factories, equipment, and research and development. This leads to a decrease in current consumption (opportunity cost) but an increase in future consumption (benefit) as the productive capacity of the economy increases over time. Therefore, the best choice is C.

The Opportunity Cost of Economic Growth Is ________ and the Benefit