Is It Possible to Have Economic Growth with No Opportunity

question 34

Multiple Choice

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

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

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Definitions:

Court-Packing Plan

A controversial proposal by President Franklin D. Roosevelt to increase the number of US Supreme Court justices in order to obtain favorable rulings for New Deal legislation.

Pro-New Deal Decisions

Judicial rulings in favor of the policies and programs implemented under President Franklin D. Roosevelt's New Deal, aimed at recovering from the Great Depression.

New Deal Relief Programs

Public works and assistance programs initiated under President Franklin D. Roosevelt’s administration to combat the effects of the Great Depression in the 1930s.

Economic Survival

The ability of individuals, households, businesses, and countries to maintain financial stability and meet basic needs over time.