Author Question: The tradeoff between current consumption and the production of capital goods also reflects a ... (Read 131 times)

lak · **on:** Jun 29, 2018

The tradeoff between current consumption and the production of capital goods also reflects a tradeoff between

A) the future production of capital goods and future consumption of goods.
B) economic growth and technological change.
C) satisfying today the needs of the poor and the wants of the wealthy.
D) current consumption and future consumption.

Question 2

In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will ________ and the equilibrium price will ________.

A) decrease; not change
B) decrease; fall
C) remain the same; either rise or fall
D) remain the same; rise