Brazilian federal, state, and local governments spent R$2.8 billion and private sponsors spent R$4.2 billion on 17

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Brazilian federal, state, and local governments spent R$2.8 billion and private sponsors spent R$4.2 billion on 17 new Olympic facilities, 10 of which will be used for sporting events after the Olympics.

Was the opportunity cost of the Rio Olympics R$2.8 billion or R$7 billion? Explain your answer.

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Macroeconomics

ISBN: 978-0134853307

10th Edition

Authors: Michael Parkin

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Question Posted: Feb 26, 2024 04:00 AM

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Brazilian federal, state, and local governments spent R$2.8 billion and private sponsors spent R$4.2 billion on 17

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The opportunity cost of the Rio Olympics is not simply the sum of the amounts spent by governments a...View the full answer

Macroeconomics

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