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What kinds of sacrifices would you be willing to make

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Reference no: EM133227232

Question: The United States' economy more closely resembles "Presentville" in our text where we tend to dedicate a large amount of resources to present goods instead of future goods, thereby limiting our average growth to 3% per year. Do you agree with this approach? Would you be willing to give up present goods today to make the economy better off in the future? What kinds of sacrifices would you be willing to make - less national defense, less entertainment, pay higher taxes, etc.?

Reference no: EM133227232

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