Multiple Choice
Country X devoted 70 percent of its resources to consumption,while Country Y devoted 80 percent to consumption.Other things being equal,you can predict that
A) Country X's opportunity cost of economic growth is lower than Country Y's.
B) Country Y's rate of capital accumulation is higher than Country X's
C) Country Y's economy will grow faster than Country X's.
D) Country X's economy will grow faster than Country Y's.
Correct Answer:
Verified
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