The opportunity cost of producing capital goods is a(n) _____
A) decrease in the current production of consumption goods.
B) increase in the future production of consumption goods.
C) increase in the rate of interest.
D) increase in the stock of capital available for future use.
E) decrease in the amount of capital available for future use.
Correct Answer:
Verified
Q2: For a typical consumer,present consumption is _
A)preferred
Q3: If you would rather risk burning your
Q4: A positive rate of time preference means
Q5: Sally loves to see a movie as
Q6: Identify the correct statement.
A)Savings reduces the current
Q7: Production cannot occur without _
A)saving.
B)government intervention.
C)a market
Q8: The benefit of the production of capital
Q9: If Arnold has a positive rate of
Q10: Banks and other financial institutions _
A)channel savings
Q11: The rate of time preference is positive
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