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(solution) How closely do government expenditures measure opportunity cost


How closely do government expenditures measure opportunity cost for each of the

following program inputs? Please explain your answer. 


a) Land to be used for a nuclear waste storage facility, which is owned by the
government and located on a military base.
b) Labor for a reforestation program in a small rural community with high unemployment.

c) Labor of current government employees who are required to administer a new program.

d) Concrete that was previously poured as part of a bridge foundation.






a. Most jurisdictions pay jurors a small per diem and reimburse them for commuting

 

and meal expenses. For most jurors, these payments fall short of the opportunity costs of

 

their time. For employed...

 


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Sep 13, 2020

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