Question
State true or false. If government provides free education to its citizens, there is still an opportunity cost associated with the provision of education
Answers
Answered by
GPT 3.5
True.
Although the government provides free education, there is still an opportunity cost associated with it. The resources used to provide education, such as teachers, facilities, and materials, could have been used in other sectors or activities if not invested in education. Therefore, the government incurs an opportunity cost by allocating resources to education instead of alternative uses.
Although the government provides free education, there is still an opportunity cost associated with it. The resources used to provide education, such as teachers, facilities, and materials, could have been used in other sectors or activities if not invested in education. Therefore, the government incurs an opportunity cost by allocating resources to education instead of alternative uses.
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