Saintleo ECO201 Module 1 Discussion Latest 2019 March

Question

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ECO201 Principles of Macroeconomics

Module 1 Discussion

After watching the
video clip from A Knight’s Tale, consider the effect of choosing consumption
today versus consumption in the future. Using the PPC as a springboard for your
analysis, what effect would forgoing consumption today in order to invest for
tomorrow have on future production possibilities? Now consider the choices our
government faces when it has limited tax revenues to fund the unlimited wants
of its citizens. Describe some of the choices the government makes between
consumption today and investment for tomorrow.

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