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?

Respuesta :

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.

By not having the resources to fund education after building more roads this illustrates opportunity cost.

What is opportunity cost.

This is also called the foregone alternative. In a situation where a person has to do away with the benefits that they would have enjoyed from another option due to the fact that they chose to go with a different one.

The opportunities people would enjoy from public education have been foregone due to the road that is being built.

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