21. this semester you can only have one elective and you want both lsn government and choir. you choose lsn…

21. this semester you can only have one elective and you want both lsn government and choir. you choose lsn government. the opportunity cost is the enjoyment and value you would have received from .......\nstudying about congress in lsn government\nvoice training from the choir\n22. true or false when the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.\ntrue\nfalse

21. this semester you can only have one elective and you want both lsn government and choir. you choose lsn government. the opportunity cost is the enjoyment and value you would have received from .......\nstudying about congress in lsn government\nvoice training from the choir\n22. true or false when the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.\ntrue\nfalse

Answer

Brief Explanations:

  1. Opportunity cost is the value of the next - best alternative forgone. When choosing LSN government over choir, the next - best alternative is the value from choir, which includes voice training.
  2. When the government spends money on national debt interest, the opportunity cost is indeed the other programs (like education or healthcare) that the money could have been spent on.

Answer:

  1. Voice training from the choir
  2. True