When a state government chooses to build more roads,the required resources are no longer available for spending on public education.This dilemma illustrates the concept of:
A) marginal analysis.
B) full employment.
C) full production.
D) opportunity cost.

Question

Quizplus · Accepted Answer

Building more roads requires resources such as money and labor. Therefore, the opportunity cost of building more roads is the resources that could have been used for public education. This illustrates the concept of opportunity cost, which is the cost of an alternative forgone when making a decision.

When a State Government Chooses to Build More Roads,the Required