WHEN A STATE GOVERNMENT CHOOSES TO BUILD MORE ROADS, THE REQUIRED...

106.When a state government chooses to build more roads, the required resources are no longer available for spending on public education. This dilemma illustrates the concept of:

Test Bank for Essentials of Economics 3rd Edition by Brue

marginal analysis.full employment.

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full production.→ opportunity cost. AACSB: AnalyticBlooms: RememberDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model