Using the concept of opportunity cost, explain why welfare programs might increase the number of poor.
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Using the concept of opportunity cost, explain why welfare programs might increase the number of poor.
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Introduction In economics the concept of opportunity cost is a fundamental principle that helps individuals and societies make informed decisions It refers to the value of the best alternative that is ...View the full answer
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Tirath Raj Dwivedi
In school, I began to be curious about DNA, cells and disease biology. Watching television documentaries on modern medicine fueled my curiosity. After completing school, my goal was to develop research and teaching skills in life sciences. I wanted to do my own research and to share the knowledge that I would gain during my own academic journey.
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All throughout I got opportunities to present my research at various national and international conferences. I also happened to teach my juniors and school students during special science programs organized by our institute. I soon realized I enjoyed teaching more than conducting research in a lab.
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