FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway.
-A modern economy like Canada's is largely organized by

Question

FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway. 
-A modern economy like Canada's is largely organized by

Quizplus · Accepted Answer

A modern economy like Canada's is largely organized by individuals following their own self interest, doing what seems best for themselves. In this scenario, the government has to choose between purchasing 4 helicopters or repairing 200 km of highway with a budget of $200 million. The best choice would be to go with the option that maximizes the benefits for the government and its citizens, which in this case would be repairing 200 km of highway. The repaired highways would benefit a larger number of people, promote economic growth and development, and have long-term benefits, whereas the 4 helicopters may have limited use and benefits. Therefore, the government should choose to repair 200 km of highway.

FIGURE 1- 1 with a Budget of $200 Million,the Government Can Choose to Can