5. candidates for political office often speak of what their administration will give voters if they are…

5. candidates for political office often speak of what their administration will give voters if they are elected. candidate a promises more roads, new schools, more public parks, and new fire trucks. from what you have learned in this chapter about scarcity, choices, and cost, what are the obvious questions for you to ask candidate a?

5. candidates for political office often speak of what their administration will give voters if they are elected. candidate a promises more roads, new schools, more public parks, and new fire trucks. from what you have learned in this chapter about scarcity, choices, and cost, what are the obvious questions for you to ask candidate a?

Answer

Brief Explanations:

To analyze this, we use concepts of scarcity (limited resources), choices (trade - offs), and cost (opportunity cost). First, resources are finite, so we need to know how Candidate A will fund these projects. Second, since choosing to spend on these projects means not spending on others, we should ask about the trade - offs. And also, we need to know the long - term costs and sustainability of these projects.

Answer:

  1. How will you fund the construction of more roads, new schools, more public parks, and the purchase of new fire trucks? (e.g., through tax increases, reallocation of existing funds, borrowing, etc.)
  2. What other programs or services will be reduced or eliminated (what is the opportunity cost) to provide more roads, new schools, more public parks, and new fire trucks?
  3. What is the long - term cost (including maintenance, operational costs) associated with these new roads, schools, public parks, and fire trucks, and how do you plan to cover these costs in the future?