When a society decides to increase its quantity of physical capital, the society
a. can avoid the usual need to face trade-offs.
b. is apparently not very concerned about its rate of economic growth in the future.
c. is in effect deciding to consume fewer goods and services in the present.
d. is in effect deciding to save less of its current income in the present.
c
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To try to help farmers, governments I. set production quotas. II. set price ceilings
A) I and II B) only II C) only I D) neither I nor II
Supply chain management is a recent development in organizational structure
Indicate whether the statement is true or false
Besides retirement pension issues, ERISA focuses some attention on
A. Ponzi schemes. B. Social Security. C. ensuring employers adequately fund their retiree health care plans (when they have them). D. ensuring employers adequately fund their payroll taxes.
The long run average cost curve
A) Reflects increasing, constant and decreasing returns to labor. B) Is an envelope of a series of short run average cost curves. C) Is an envelope of a series of marginal cost curves. D) None of the above