Trading off capital goods for increasing amounts of consumer goods today will most likely result in
A. decreased long-term growth.
B. increases in the quantity of consumer goods.
C. decreased prices in consumer goods.
D. increased long-term growth.
Answer: A
Economics
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Which of the following can be used as money?
A) silver B) emeralds C) coconuts D) all of the above
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Refer to the graph shown. With an effective price ceiling at Pc, the quantity supplied:
A. falls from Q3 to Q2. B. falls from Q1 to Q2. C. increases from Q1 to Q3. D. increases from Q2 to Q1.
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