Question: The choice about how much to save Select one: a. has no opportunity cost because saving means more future consumption. b. trades off current consumption
The choice about how much to save Select one: a. has no opportunity cost because saving means more future consumption. b. trades off current consumption for future consumption. c. has the opportunity cost of higher future consumption. d. None of the above answers is correct
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
