SOLUTION: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.2 to 4.3 percent of a $15 trillion economy? Thanks!
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Question 704026: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.2 to 4.3 percent of a $15 trillion economy? Thanks! Answer by jim_thompson5910(35256) (Show Source):
You can put this solution on YOUR website! The opportunity cost is the money diverted away from other projects such as infrastructure spending or spending for schools
The opportunity cost is also the diversion of other resources (such as labor capital) from other projects and focusing it more on defense.
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