One of the Ten Principles of Economics in Chapter 1

question 133

Multiple Choice

One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs.The growth that arises from capital accumulation is not a free lunch.It requires that society

• A)conserve resources for future generations.
• B)sacrifice consumption goods and services now in order to enjoy more consumption in the future.
• C)recycle resources so that future generations can produce goods and services with the accumulated capital.
• D)None of the above is correct.

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