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Commerce · Q594

Economics

Graduate and Post Graduate · Commerce · question 594

Q594

Which one of the following best describes best opportunity cost to society of building a new school?

A.
The increased taxation to pay for the school
B.
The money that was spent on building the school
C.
The other goods that could have been produced with the resources used to build the school
Answer
D.
The running cost of the school when it is opened

Answer: Option C

Solution

Answer: Option C
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