When a state government chooses to build more roads, the resources used are no longer available for public education programs. this dilemma illustrates the concept of?

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Business

Dalia Wagner

12 September, 05:50

When a state government chooses to build more roads, the resources used are no longer available for public education programs. this dilemma illustrates the concept of?

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Mario Monroe · Answer 1

This dilemma illustrates the concept of? Opportunity cost. Opportunity cost describes what is given up because of going with another option or opportunity. In this case, when the state government builds more roads, the resources are gone for the public teducation programs. So, the opportunity cost is the public education programs in order to build more roads.