The major economic cost of growth is:
A. investment in stocks and bonds.
B. higher interest rates.
C. consumption sacrificed for capital formation.
D. higher inflation rates.
Answer: C
You might also like to view...
The official U-3 unemployment rate
A) includes persons without a job who have made efforts in the last week to find a job. B) includes persons without a job, whether they are actively searching for work or not. C) counts discouraged workers as unemployed. D) counts people with part-time jobs who want full-time jobs as unemployed.
The problem created by "scarcity":
A. could be solved if more people worked overtime. B. is not a concern for the top income earners. C. is an individual concern but not a concern on the macro level. D. applies to everyone because in general resources are limited.
A government-owned monopoly is more likely to:
A. provide a greater quantity of output than a private one. B. provide output at a lower price than a private one. C. serve public interest than maximize profit. D. All of these statements are true.
If a firm is using optimal input proportions, it is minimizing its costs
a. True b. False Indicate whether the statement is true or false