The opportunity cost of economic growth is ________ and the benefit of economic growth is ________.

Question

Quizplus · Accepted Answer

Economic growth typically requires investment in new capital, technology, and education. This means diverting resources away from current consumption, which is the opportunity cost of economic growth. However, the benefit of economic growth is that it leads to increased future consumption and higher standards of living. Thus, the best answer is C, where the opportunity cost is decreased current consumption and the benefit is increased future consumption.

The Opportunity Cost of Economic Growth Is ________ and the Benefit