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Is the government faced with a trade-off

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Reference no: EM131886158

The Canadian government is considering whether to spend 200 million dollars on new hospitals or $ 200 million new fighter jets.

a. How many alternatives is the government faced with in this question?

b. Is the government faced with a trade-off? Explain.

c. If the government uses the funds to buy new fighter jets what did they give-up? What is the opportunity costs for the fighter jets?

Reference no: EM131886158

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