With a Budget of $200 Million, the Government Can Choose

question 4

Multiple Choice

With a budget of $200 million, the government can choose to purchase 4 helicopters or repair 200 km of highway. FIGURE 1- 1
-Refer to Figure 1- 1. If the government chooses to allocate all $200 million to highway repair, we can say that

• A) the opportunity cost of the highway repair is uncertain.
• B) there is no opportunity cost involved because the government has achieved its objectives.
• C) there is no opportunity cost involved because the government stayed within its budget.
• D) the opportunity cost of the highway repair is 4 search and rescue helicopters.
• E) the opportunity cost of the highway repair is $0.

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Definitions:

Refusing A Request

The action of declining someone's solicitation or petition in a polite or formal manner.

Strategy Development

The process of planning and organizing a series of actions or tactics to achieve a long-term goal or overall objective.

Negative Announcements

Communications that convey unfavorable news, decisions, or changes, often requiring careful wording to minimize negative reactions.

Goodwill

An intangible asset that represents the value of a company's brand name, solid customer base, good customer relations, good employee relations, and any patents or proprietary technology.