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

Question

Quizplus · Accepted Answer

When the government decides to cut federal taxes, there is an opportunity cost involved. The money that is not collected through taxes could have been used for other government programs or services. Additionally, the cut in tax revenue may require the government to borrow more money, which can lead to increased national debt and interest payments.

There Is No Opportunity Cost Involved When Government Decides to Cut