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1.The Canadian government is considering whether to spend 200 million dollars on new hospitals or $ 200 million new fighter jets. 4 Marks Total a.Is

1.The Canadian government is considering whether to spend 200 million dollars on new hospitals or $ 200 million new fighter jets. 4 Marks Total

a.Is the government faced with a trade-off? Explain. 2 Marks

b.If the government uses the funds to buy new fighter jets what did they give-up? What is the opportunity costs for the fighter jets? 2 Marks

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