INQUIZITIVE Chapter 2: Model Building and Gains from Trade E Page(s) 47-49 2.4 W

Question

INQUIZITIVE Chapter 2: Model Building and Gains from Trade E Page(s) 47-49 2.4 What is the trade-off between having more now and having more later Fill in the blanks to complete the passage about trade-offs. Drag word(s) below to fill in the blankis) in the passage. It is characteristic of goods that they are not used up in the short run. A society can choose to some quality of life now fewer consumer goods-in orde to build up its stock ofcapital goods. This will lead to aand more consumer goods-later or. greater population growthinvest in capital better quality of life consumer " sacrifice

Explanation / Answer

The answers are in serialwise order-

1-Capital

2-Sacrifice

3-Better quality of life

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