When the Government of Alberta Chooses to Build More Roads,the

question 192

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)opportunity cost.
• D)human capital.
• E)entrepreneurship.

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Definitions:

Functional Diversity

Diversity in a group or organization that encompasses the differences in skills, knowledge, background, and abilities among members.

Talents

Natural aptitudes or skills that an individual possesses, which can be developed through practice and commitment.

Axioms

Self-evident truths or universally accepted principles that form the basis for reasoning or argument.

Implicit Beliefs

Refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner.