Using productive resources to make capital goods requires that we

Question

Quizplus · Accepted Answer

To make capital goods, we need to use some of our existing resources, which means we have to forgo some level of current consumption. This is because resources are limited, and if we are using them to produce capital goods, we cannot use them for immediate consumption. Choices A, B, and D are not necessary for making capital goods. While it may be desirable to have everyone agree on the best use of resources, it is not a requirement. Government approval may be necessary for some projects, but not all capital goods require government intervention. Similarly, while we should strive to minimize environmental damage, proving that it won't happen is not a prerequisite for making capital goods.

Using Productive Resources to Make Capital Goods Requires That We