Is it possible to have economic growth with no opportunity cost?

Question

Quizplus · Accepted Answer

Economic growth requires investment in capital formation and research and development, which requires sacrificing current consumption goods. Therefore, there is always an opportunity cost to economic growth. Option A is also partially correct, as investing in capital formation and research and development may deplete the stock of knowledge, but this does not negate the opportunity cost. Option B is incorrect, as the sacrifice required for economic growth may not always be worth it. Option D is incorrect, as economic growth requires resources and inputs that have alternative uses, resulting in opportunity cost.

Is It Possible to Have Economic Growth with No Opportunity