The Scarcity Principle Implies That the Cost of a Higher

question 151

Multiple Choice

The scarcity principle implies that the cost of a higher economic growth rate is

• A) less future capital accumulation.
• B) less current consumption.
• C) greater future capital consumption.
• D) greater current consumption.
• E) greater future consumption.

---

Definitions:

Form Perception

The cognitive process of recognizing and understanding the shapes and structures of objects in one's environment.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths of the light they reflect, emit, or transmit.

Lens

A transparent structure in the eye that focuses light on the retina to create clear images.

Retina

A thin layer of tissue at the back of the eye that contains cells sensitive to light, which trigger nerve impulses that pass via the optic nerve to the brain.