Devoting more of a country's resources for producing consumer goods means
A)economy is using it resources for future production.
B)fewer resources to producing investment goods.
C)country will grow more rapidly in the future.
D)productivity of the invested capital is extremely high.

Question

Quizplus · Accepted Answer

Devoting more resources for producing consumer goods means that there are fewer resources available for producing investment goods, which are necessary for future growth and long-term economic development. Consumer goods are important for immediate consumption and satisfaction but investing in capital goods is crucial for the development of an economy in the long-run.

Devoting More of a Country's Resources for Producing Consumer Goods