Which of the following is a cost of economic growth? (a) umprovements in technology (b) declining future living standards (c) current saving must be sacrificed to increase investment in capital goods (d) reduced interest rates (e) the effect on workers whose skills are made obsolete by technical change

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Which of the following is a cost of economic growth?
(a) umprovements in technology
(b) declining future living standards
(c) current saving must be sacrificed to increase investment in capital
goods
(d) reduced interest rates
(e) the effect on workers whose skills are made obsolete by technical
change
Transcribed Image Text:Which of the following is a cost of economic growth? (a) umprovements in technology (b) declining future living standards (c) current saving must be sacrificed to increase investment in capital goods (d) reduced interest rates (e) the effect on workers whose skills are made obsolete by technical change
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