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Suppose an economy produces consumer goods and capital goods. Its current combination of production involves a higher level of capital goods than consumer goods. Which
Suppose an economy produces consumer goods and capital goods. Its current combination of production involves a higher level of capital goods than consumer goods. Which of the following can be inferred from this current choice on its production possibilities curve? Multiple choice question. That its future choice in production may result in higher present prospects for economic growth That its present choice in production has no effect on future prospects for economic growth That its present choice in production may result in higher future prospects for economic growth That its present choice in production may result in lower future prospects for economic growth
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