A Country Can Use Its Given Resources to Produce Capital

question 305

Multiple Choice

A country can use its given resources to produce capital goods or consumer goods. This implies that

• A) an economy can "have it all."
• B) there is a conflict between capitalists and consumers.
• C) more consumption in the present leads to higher economic growth for future generations.
• D) there is a tradeoff between the current and the future standards of living.

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Definitions:

Partial Pressure

The pressure a single gas in a mixture contributes to the total pressure, based on its proportion in the mixture.

Ventilation

Process of moving air into and out of the lungs; breathing.

External Respiration

Exchange of oxygen and carbon dioxide between alveoli of the lungs and blood.

Internal Respiration

Exchange of oxygen and carbon dioxide between blood and tissue fluid.