If the state government allocates additional spending on education programs,the opportunity cost is:

A) zero.
B) the dollar amount of the additional spending.
C) considered only if taxes have to be raised to fund the spending.
D) measured in terms of the best alternative uses for that money.

Opportunity Cost

The cost of what you have to give up in order to choose something else; the value of the next best alternative forgone.

State Government

The organization through which a specific geographical region within a country is governed, having its specific executive, legislative, and judicial powers.

Education Programs

Structured sequences of instruction or training designed to achieve specific learning outcomes or skills.