Question 1
Outline why purchasing this surplus implies an opportunity cost for the government of Nissos.
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Outline why purchasing this surplus implies an opportunity cost for the government of Nissos.
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The work does not meet a standard described by the descriptors below.
1
The response is limited.
For outlining that spending means sacrificing other alternatives.,
2
The response is accurate.
For outlining that the funds used on purchasing the surplus could have been used to finance education, health services etc, or that taxes would have to be higher or (the increased) borrowing penalizes (or burdens) future generations.