One of the benefits claimed for projects such as the Olympic Games is their "economic impact" or the dollar value of direct spending on the games plus indirect spending by people whose incomes result from the original expenditures,the incomes generated by that second round of spending,and so on.Focusing on opportunity cost concepts,explain why these expenditures should be viewed as costs rather than benefits.

Question

Quizplus · Accepted Answer

The Answer of One of the benefits claimed for projects such as the Olympic Games is their "economic impact" or the dollar value of direct spending on the games plus indirect spending by people whose incomes result from the original expenditures,the incomes generated by that second round of spending,and so on.Focusing on opportunity cost concepts,explain why these expenditures should be viewed as costs rather than benefits.

One of the Benefits Claimed for Projects Such as the Olympic