When the Government of Alberta Chooses to Build More Roads

question 112

Multiple Choice

When the government of Alberta chooses to build more roads, the required resources are no longer available to provide better healthcare facilities.This situation illustrates the concept of

• A)marginal benefit.
• B)monetary cost.
• C)human capital.
• D)entrepreneurship.
• E)opportunity cost.

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Definitions:

Commission of a Crime

The act of carrying out an action that constitutes an offense punishable by law.

Noncompetition Clause

A contract provision that restricts one party from entering into or starting a similar profession or trade in competition against another party.

Common Calling

A profession or occupation that offers its services to the public generally, often subject to certain regulatory standards.

Implied-in-Fact Contract

An agreement derived from the actions or circumstances of the parties involved, rather than written or spoken words.