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
A)marginal benefit.
B)monetary cost.
C)opportunity cost.
D)human capital.
E)entrepreneurship.

Question

Quizplus · Accepted Answer

This situation illustrates opportunity cost, which is the cost of choosing one option over another in terms of the benefits foregone from the next best alternative. In this case, the resources used to build more roads are no longer available to invest in better healthcare facilities, which represents the opportunity cost of the road construction decision.

When the Government of Alberta Chooses to Build More Roads,the