When the government of Alberta chooses to build more roads, the required resources are no longer available to provide better healthcare facilities.This situation illustrates the concept of

Question

Quizplus · Accepted Answer

The situation described is an example of opportunity cost, which is the cost of choosing one option over another. In this case, the opportunity cost of building more roads is the resources that could have been used to improve healthcare facilities.

When the Government of Alberta Chooses to Build More Roads