Opportunity Cost There Are Four Case Study

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In the end, those new highways will be just as congested as the current ones. This option appears to fill the benefits of both the stadium and the education options, at least in the short run. The long-run benefits of more highways are questionable, whereas the long-run benefits of better education are not.

The no new taxes option argues that by keeping taxes low. There are some perceived benefits of this -- for example lower taxes attracting business and investment. It is questionable the degree to which a temporary half-cent sales tax increase would hurt business investment, however. In addition, the opportunity costs of two major long-term infrastructure projects in education and transportation should be considered. Economic growth throughout the world has been predicated on the provision of infrastructure such as improved transportation and education. It is not reasonable to assume that future investments need not be made. An inadequate highway system and uneducated workforce could undermine the benefits of any tax cut.

It is recommended that the government take the money and invest in education.

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An educated workforce is generally willing to pay higher taxes for a nice place to live. The benefits of a superior education system will be accrued for generations, whereas many of the other options only deliver temporary benefits. The nature of the education investment should be considered, as some of the proposals do not appear to have the economic worth that is promised, but on the whole an educated workforce will have the ability to resolve lesser issues with respect to taxation and transportation. It is only uncreative workforces that are vexed by such issues......

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