Question

What are the important of opportunity cost to government

Answer 1

Answer:

The opportunity cost of the resources used to produce goods supplied through the public sector. If these resources were not used by the government, then they could be used by people and firms in the private sector. ... The third opportunity cost of government is the deadweight loss of taxation.

Answer 2

Answer:

When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare. If you decide not to go to work, the opportunity cost is the lost wages.

Explanation:

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