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ivann1987 [24]
2 years ago
15

The government is trying to maintain the infrastructure of the country, provide Social Security benefits to citizens, and regula

te airline security. Congress has a budget for spending on all three of $1 billion. They decide to spend 45% on infrastructure, 45% on Social Security Benefits, and 10% on regulating airline security. Based on the information provided in this situation, which of the following best describes the opportunity cost?
a.
The citizens will not benefit from the spending because none of the programs directly affect them.

b.
The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.


c.
However, Social Security benefits will suffer because a larger amount was spent on airline security.

d.
There is no opportunity cost in this situation
Business
2 answers:
vampirchik [111]2 years ago
8 0

Answer:

B.The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.

Explanation:

likoan [24]2 years ago
3 0

The government will be able to improve the road system, encouraging more people to drive on vacations. Social Security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. Airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment.

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