Because of the opportunity cost,if Canada spends $87 billion in the rebuilding of Haiti after a Hurricane,it has to forgo the opportunity to spend $87 billion on some other programme.

Question

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Opportunity cost refers to the cost of forgoing the next best alternative when making a decision. Therefore, if Canada spends $87 billion in the rebuilding of Haiti, it cannot use that same $87 billion on some other programme, thus incurring an opportunity cost.

Because of the Opportunity Cost,if Canada Spends $87 Billion in the Rebuilding