For the ruler of a developing country, the opportunity cost of a choice to invest in universal

Question:

For the ruler of a developing country, the opportunity cost of a choice to invest in universal education

a. Is the reduction in health care spending.

b. Does not exist because food is a necessity.

c. Is much lower than a similar choice for the ruler of a developed country.

d. Cannot be measured.

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,...