Business, 10.03.2020 06:53 carolyntowerskemp

The trade-off between current consumption and investment in the capital and research that contributes to economic growth and higher future income: is more severe for wealthy countries due to decreasing returns to capital. is more severe for poor countries due to increased opportunity cost. is less severe for poor countries due to decreasing returns to capital. is equally severe for wealthy countries and poor countries.

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The trade-off between current consumption and investment in the capital and research that contribute...

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