Asked by
Sherry Rasul
on Oct 14, 2024
Verified
Which of the following would NOT be an opportunity cost of fighting the war in Iraq?
A) The $5 billion per month spent on research to cure breast cancer.
B) A $5 billion per month cut in income taxes.
C) A $5 billion per month investment in high speed rail systems between 12 major cities in the country.
D) The $5 billion per month cost of fighting the war.
E) A $5 billion per month program that invested in low-income housing across the country.
Opportunity Cost
The lost potential gain from other alternatives when one alternative is chosen.
High Speed Rail
A type of passenger rail transport that operates significantly faster than traditional rail traffic, using specialized tracks and trains.
Breast Cancer
A type of cancer that develops from breast tissue, representing one of the most common cancers worldwide, especially among women.
- Understand the principle of opportunity cost and its essential function in making economic decisions.
Verified Answer
JJ
Learning Objectives
- Understand the principle of opportunity cost and its essential function in making economic decisions.