When the Government Chooses to Use Resources to Build a Dam

question 278

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

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Definitions:

Complaining

Expressing dissatisfaction or annoyance about a state of affairs or an event.

Healthcare

The organized provision of medical care to individuals or a community.

Unselfishly

Characterized by acting or giving without consideration for personal gain.

Satisfied

A feeling of fulfillment or contentment with one's achievements, qualities, or situation.