The Opportunity Cost of Constructing a New Public Highway Is

question 149

Multiple Choice

The opportunity cost of constructing a new public highway is the

• A) money cost of hiring contractors and construction workers for the new highway.
• B) value of other goods and services that are sacrificed in order to construct the new highway.
• C) expected cost of constructing the new highway in a future year.
• D) value of shorter driving times and distances when the new highway is completed.

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Definitions:

Defense of Freedom

The act of protecting and standing up for individual or collective rights and liberties that are considered fundamental.

War on Terrorism

The War on Terrorism is a global military campaign launched by the United States in response to the September 11, 2001 terrorist attacks, aimed at eliminating international terrorism.

Bush Doctrine

President George W. Bush’s foreign policy principle wherein the United States would launch a war on terrorism.