Is it possible to have economic growth with no opportunity cost?
A)Yes, economic growth requires no current sacrifices-only the passage of time.
B)No, but economic growth is always worth whatever sacrifice is required.
C)No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow.
D)No, because growth requires the sacrifice of consumption goods in order to invest in such things as capital formation and research and development.

Question

Is it possible to have economic growth with no opportunity cost?
A)​Yes, economic growth requires no current sacrifices-only the passage of time.
B)​No, but economic growth is always worth whatever sacrifice is required.
C)​No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow.
D)​No, because growth requires the sacrifice of consumption goods in order to invest in such things as capital formation and research and development.

Quizplus · Accepted Answer

Economic growth requires investing resources in things like research and development and capital formation, which is a sacrifice of present consumption goods. Therefore, there is an opportunity cost to economic growth.

Is It Possible to Have Economic Growth with No Opportunity