When the Government Chooses to Use Resources to Build Tourist

question 40

Multiple Choice

When the government chooses to use resources to build tourist centers, the selected resources are no longer available to build highways. This BEST illustrates the concept of

• A) macroeconomics.
• B) scarcity.
• C) opportunity cost.
• D) efficiency.

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Definitions:

Mutually Exclusive

A condition where two events cannot both occur at the same time.

P(A Or B)

A probability measure that represents the likelihood of either event A occurring, event B occurring, or both events occurring.

Diagnostic Test

A test used to help identify the presence or absence of a condition, disease, or substance in a subject or sample.

Disease

A condition that disrupts normal physiological or psychological functions in an organism.