The opportunity cost of the war in Iraq would be
A)The $5 billion a month that the U.S.spends fighting the war.
B)How the $5 billion a month to fight the war might otherwise be spent.
C)Both of the choices are true.
D)Neither of the choices are true.

Question

Quizplus · Accepted Answer

The opportunity cost refers to the benefits or values that must be forgone to undertake a particular action. In this context, the opportunity cost of the war in Iraq is best represented by how the $5 billion a month could have been spent on alternative endeavors, rather than the actual expenditure on the war itself.

The Opportunity Cost of the War in Iraq Would Be