When the government chooses to use resources to build a dam,those resources are no longer available to build a highway.This illustrates the concept of
A)a market.
B)macroeconomics.
C)opportunity cost.
D)a "how" tradeoff.
E)the big tradeoff.

Question

Quizplus · Accepted Answer

This situation exemplifies the concept of opportunity cost, which describes the tradeoffs that must be made when choosing how to allocate resources. In this case, building a dam means sacrificing the resources that could have been used to build a highway. Therefore, the government must weigh the benefits and costs of each option and make a decision based on their priorities and available resources.

When the Government Chooses to Use Resources to Build a Dam,those