The opportunity cost to a city for using local tax revenues to construct a new park is the:
a. best alternative foregone by building the park.
b. dollar cost of constructing the new park.
c. dollar cost of the old park.
d. increased taxes necessary to pay for maintenance of the new park.
a
Economics
You might also like to view...
What is an isocost line? Write the equation used for an isocost line
What will be an ideal response?
Economics
Monetarists think that the Fed should use ________ as a target when conducting monetary policy
A) the inflation rate B) the Treasury bill rate C) the money supply D) the federal funds rate E) the unemployment rate
Economics