Compulsory military service allows the government to fool itself and the people about the true cost of

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"Compulsory military service allows the government to fool itself and the people about the true cost of a big army." Compare the budget cost and the opportunity cost of a voluntary army (where army pay is high) with those of compulsory service (where pay is low). What does the concept of opportunity cost contribute to analyzing the quotation?
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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Economics

ISBN: ?978-0073511290

19th edition

Authors: Paul A. Samuelson, William Nordhaus

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