Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A local government has a limited amount of money to spend. It decides to spend the money to support local businesses instead of to remove

A local government has a limited amount of money to spend. It decides to spend the money to support local businesses instead of to remove trash from unused buildings and vacant lots. Which of these is the opportunity cost of this decision? tax revenue jobs for local residents a clean environment profits for business owners

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economic Issues and Policy

Authors: Jacqueline murray brux

6th edition

9781337001977, 1285448774, 133700197X, 978-1285448770

More Books

Students also viewed these Economics questions

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago

Question

Is depreciation a source of cash flow?

Answered: 1 week ago