FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway. 
-Refer to Figure 1- 1.If the government chooses to allocate all $200 million to highway repair,we can say that
A) the opportunity cost of the highway repair is uncertain.
B) there is no opportunity cost involved because the government has achieved its objectives.
C) the opportunity cost of the highway repair is $0.
D) there is no opportunity cost involved because the government stayed within its budget.
E) the opportunity cost of the highway repair is 4 search and rescue helicopters.
Correct Answer:
Verified
Q17: With a budget of $500 000,a school
Q46: In mixed economies,economic behaviour is
A)largely determined by
Q47: In the Canadian economy,most decisions regarding resource
Q48: If a country's production possibilities boundary is
Q49: Figure 1- 2 With a budget of
Q50: Which of the following statements best describes
Q52: The diagram below shows two production possibilities
Q54: Which of the following statements best describes
Q55: Figure 1- 2 With a budget of
Q56: Figure 1- 2 With a budget of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents