The Costs of Long-Run Economic Growth Include

question 26

Multiple Choice

The costs of long-run economic growth include:
1) declining future average living standards;
2) that current consumption must be sacrificed to increase investment in capital goods;
3) current increases in investment may only generate greater consumption in the distant future.

• A)1 and 2
• B)2 and 3
• C)1 only
• D)2 only
• E)3 only

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Definitions:

Stimulus Energies

Forms of energy, such as light or sound, that are registered by our sensory organs.

Neural Impulses

Electrical signals that travel along the neurons, facilitating communication within the nervous system.

Transduction

The conversion of one form of energy into another, as in the sensory system converting stimuli into neuronal signals.

Sensory Systems

The part of the nervous system responsible for processing sensory information from the environment, including sight, sound, taste, touch, and smell.