When a society forgoes current consumption to invest in the production of capital goods,
A) the less the society can consume in future.
B) the less capital the society can produce in the future.
C) the more the society can consume in the future.
D) the easier it will be for the society to consume less in the future because people will become accustomed to less.
Correct Answer:
Verified
Q57: Figure 2-4 Q58: If opportunity costs remained constant,then Q59: Figure 2-4 Q60: Productive efficiency is correctly defined as Q61: Capital goods Q63: Economic growth can be pictured in a Q64: A country that must reduce current consumption Q65: In general,specialization allows Q66: If you are able to earn $20,000 Q67: Comparative advantage is always a(n)_ concept.
A)the production possibilities
A)producing outside
A)are a special type of consumption
A)constant opportunity costs.
B)greater self-reliance.
C)the production
A)relative
B)engineering
C)monetary
D)absolute
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