There is no opportunity cost involved when the government decides to cut federal taxes.

Name: There is no opportunity cost involved when the government decides to cut federal taxes.
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Question

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When the government decides to cut federal taxes, it will have to forego certain government spending or reduce other programs in order to balance the budget. This means that there is an opportunity cost involved in the decision to cut taxes, as resources are being redirected from one area to another.

There Is No Opportunity Cost Involved When the Government Decides