Compared to a Generation Ago, Public Aid Programs That Are

question 119

Multiple Choice

Compared to a generation ago, public aid programs that are likely to benefit families have received:

• A)no funding.
• B)less funding.
• C)more funding.
• D)about the same level of funding.

---

Definitions:

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision.

Comparative Advantage

The ability for a particular individual, commercial entity, or country to produce a certain good or render a service with significantly less opportunity cost compared to opposition.

Domestic Opportunity Costs

The cost of forgoing the next best alternative use of a country's domestic resources.

Capital-Intensive

A type of industry or business that requires large amounts of capital investment in comparison to labor to produce goods or services.