Question

The concept of opportunity cost:

• A. is relevant only for a capitalist economy like the United States.
• B. would be irrelevant if we eliminated poverty.
• C. suggests all our wants can be achieved.
• D. suggests a major increase in public health-care spending means an expansion in other areas will be harder to achieve.

Answer 1

The correct option is D suggests a major increase in public health-care spending means an expansion in other areas will be harder to achieve.

Option: (d)