When the government of New Brunswick chooses to use inputs to build a dam, those inputs are no longer available to build a highway. This illustrates the concept of

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Quizplus · Accepted Answer

The scenario presented in the question highlights the concept of opportunity cost, which refers to the trade-off of one option or choice for another. In this case, the government has to choose between using resources to build a dam or a highway, and whichever choice they make, they have to forego the benefits associated with the other option.

When the Government of New Brunswick Chooses to Use Inputs