The Opportunity Cost of Economic Growth Is

question 125

Multiple Choice

The opportunity cost of economic growth is

• A)a slower accumulation of human capital.
• B)the increase in the nation's capital stock and/or its technology.
• C)the decrease in the current production of productive factors.
• D)zero,because it means an expansion of production possibilities.
• E)the decrease in the current production of consumption goods.

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Definitions:

Subjective Standards

Criteria or guidelines that are based on personal opinions, feelings, or tastes, rather than objective, measurable indicators.

Contracts

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Invitation

An offer that suggests or requests someone's presence or participation, typically in an event or activity.

Offer

An expression of willingness to enter into a contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.