The opportunity cost of the war in Iraq would be

A) The $5 billion a month that the U.S.spends fighting the war.
B) How the $5 billion a month to fight the war might otherwise be spent.
C) Both of the choices are true.
D) Neither of the choices are true.

Question

Margot McCann · Accepted Answer

Final Answer : B, Explanation :  The opportunity cost refers to the benefits or values that must be forgone to undertake a particular action. In this context, the opportunity cost of the war in Iraq is best represented by how the $5 billion a month could have been spent on alternative endeavors, rather than the actual expenditure on the war itself.

The opportunity cost of the war in Iraq would be

A) The $5 billion a month that the U.S.spends fighting the war.
B) How the $5 billion a month to fight the war might otherwise be spent.
C) Both of the choices are true.
D) Neither of the choices are true.

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Learning Objectives

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The opportunity cost of the war in Iraq would beA) The $5 billion a month that the U.S.spends fighting the war.B) How the $5 billion a month to fight the war might otherwise be spent.C) Both of the choices are true.D) Neither of the choices are true.

Definitions

Learning Objectives

Learning Objectives

Related questions

The opportunity cost of the war in Iraq would be

A) The $5 billion a month that the U.S.spends fighting the war.
B) How the $5 billion a month to fight the war might otherwise be spent.
C) Both of the choices are true.
D) Neither of the choices are true.