Refer to the information provided in Figure 16.2 below to answer the questions that follow. Figure 16.2
-Refer to Figure 16.2. An economy that chooses to be at Point B rather than Point A will achieve ________ in the future.
A) lower consumption levels
B) lower employment levels
C) a higher economic growth rate
D) higher opportunity costs

Question

Refer to the information provided in Figure 16.2 below to answer the questions that follow.  Figure 16.2
-Refer to Figure 16.2. An economy that chooses to be at Point B rather than Point A will achieve ________ in the future.
A) lower consumption levels 
B) lower employment levels 
C) a higher economic growth rate 
D) higher opportunity costs

Quizplus · Accepted Answer

Point B represents a higher investment in capital goods, which will lead to higher productivity and economic growth in the future. Therefore, choosing Point B rather than Point A will result in a higher economic growth rate in the future.

Refer to the Information Provided in Figure 16