One of the Ten Principles of Economics in Chapter 1

question 32

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. What is the opportunity cost of that capital accumulation?

• A)People need to work longer hours, thus having less time for leisure.
• B)People need to consume less goods and services now in order to enjoy more consumption in the future.
• C)People need to recycle resources so that future generations can produce goods and services with the accumulated capital.
• D)People need to devote less time in school and more at work.

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