When the Government Chooses to Use Resources to Build a Dam

question 430

Multiple Choice

When the government chooses to use resources to build a dam, these sources are no longer available to build a highway. This choice illustrates the concept of

• A) a fallacy of composition.
• B) a market mechanism.
• C) opportunity cost.
• D) macroeconomics.

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Definitions:

Mental Creativity

The ability to generate innovative ideas, solutions, or artistic expressions originating from the mind's original thought processes.

Service Mark

A trademark used to identify and distinguish the services (rather than goods) of one provider from those of others.

Network Solutions, Inc.

A company that was originally tasked with the registration of internet domain names and has since expanded into various web technology services.

National Science Foundation

A U.S. government agency that supports fundamental research and education in all non-medical fields of science and engineering.