Is It Possible to Have Economic Growth with No Opportunity

question 35

Multiple Choice

Is it possible to have economic growth with no opportunity cost?

• A)No, because growth depletes the stock of knowledge so that more growth today means less growth tomorrow.
• B)No, but economic growth is always worth whatever sacrifice is required.
• C)No, because growth requires the sacrifice of consumption goods in order to invest in capital formation and research and development.
• D)Yes, economic growth requires no current sacrifices, only the passage of time.

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Definitions:

Collective Agreement

A written contract negotiated between an employer and a union representing the employees, outlining terms and conditions of employment.

Picket Lines

A form of protest or demonstration by workers, often during a strike, where they line up outside their place of employment to dissuade others from entering.

Duty of Fair Representation

The legal obligation of a union to represent all members fairly, without bias or discrimination.

Collective Bargaining

The process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment.