Question:

If the state government allocates additional spending on education, the opportunity cost is:?

by  |  earlier

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zero.

the dollar amount of the additional spending.

only considered if additional taxes need to be raised to fund the spending.

measured in terms of the alternative uses for that money.

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2 ANSWERS


  1. measured in terms of the alternative uses for that money.  Opportunity cost is what you give up to get something.


  2. measured in terms of the alternative uses of that money.  that's what opportunity cost is.

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