📚 Learning Guide
Impact of Limited Resources
easy

What is the opportunity cost of choosing to spend limited resources on education instead of healthcare?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

The potential benefits lost from not improving healthcare

B

The total amount spent on education

C

The increase in future income from education

D

The satisfaction gained from education

Understanding the Answer

Let's break down why this is correct

Answer

Opportunity cost is what you give up when you choose one option over another. When you spend money and time on education instead of healthcare, the opportunity cost is the benefits you could have gained from improving healthcare services. For example, if a government invests in building new schools, it may not have enough funds to build a hospital or hire more doctors. This means that while education is important for the future, the lack of healthcare resources could lead to poorer health outcomes for people now. Understanding opportunity cost helps us see the trade-offs we make with limited resources, highlighting the importance of balancing both education and healthcare.

Detailed Explanation

When you choose education, you miss out on the benefits of better healthcare. Other options are incorrect because Some might think the total money spent is the cost; People may believe future income from education is the cost.

Key Concepts

opportunity cost
Topic

Impact of Limited Resources

Difficulty

easy level question

Cognitive Level

understand

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