Matt Foster
Bryant and Stratton College
Economics 220
Mrs. Krenick
prove 4, 2012
Opportunity cost the cost of passing up the adjoining best choice when making a stopping point. For example, if an asset such(prenominal) as capital is used for one purpose, the hazard cost is the value of the next best purpose the asset could rush been used for. Opportunity cost analysis is an important snap onward of a companys decision-making processes, but is not hardened as an actual cost in
any monetary statement. I chose to discuss the U.S. involvement in the Iraq war. I chose this field because I feel it does affect our economy and my personal career through being war machine.
When it comes to war, it means spending money. Since the Iraq war kicked off the U.S.
spent nearly 320 billion. (Dances, 2011). When it comes to opportunity cost, the Congress made the decision to go to war. The article I found was basic entirelyy against military spending in Iraq. The author states that all the money could wee put to different priorities. In fact, that amount of money could put on provided health care coverage for all uninsured children for as long as the Iraq War has lasted; provided four-year scholarships (tuition and fees) to a public university for all of this years graduating seniors; built half a billion affordable housing units; sufficienty-funded the amount the Coast Guard estimated is required for port security; tripled the energy conservation budget in the U.S. Department of Energy; and still enough would be leftfield over to reduce this years budget deficit by one-third. (Dances,2011)
This topic does relate the economic principle opportunity cost. Opportunity costs of the global war on apprehension are crucial because...If you want to get a full essay, order it on our website: Ordercustompaper.com
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