Which of the following are statements illustrate opportunity cost? Select ONLY THOSE THAT APPLY. Select 2 correct answer(s) UA major increase in public health care spending will leave fewer resources available to build more roads. By building more hospitals, the Ontario government can better deal with the COVID-19 pandemic. If the federal government spends money on new fighter jets for the military less will be available for health care expenditure

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter7: The Market For Health Insurance
Section: Chapter Questions
Problem 3QAP
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Which of the following are statements illustrate opportunity cost? Select ONLY THOSE THAT
APPLY.
Select 2 correct answer(s)
JA major increase in public health care spending will leave fewer resources available to build
more roads.
By building more hospitals, the Ontario government can better deal with the COVID-19
pandemic.
UIf the federal government spends money on new fighter jets for the military less will be
available for health care expenditure.
Transcribed Image Text:Which of the following are statements illustrate opportunity cost? Select ONLY THOSE THAT APPLY. Select 2 correct answer(s) JA major increase in public health care spending will leave fewer resources available to build more roads. By building more hospitals, the Ontario government can better deal with the COVID-19 pandemic. UIf the federal government spends money on new fighter jets for the military less will be available for health care expenditure.
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