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.
Field of study:
