Think about a country where most economic production results in loud construction noise that gives people...
Think about a country where most economic production results in loud construction noise that gives people headaches. What would be the trade-off if the bad result (loud construction noise) were reduced?
Homework Answers
A country's most economic production create loud construction noise that results into giving headaches to people.
The opportunity cost of producing is that there is noise which is welfare reducing however the opportunity cost of peace is that the country's GDP will fall rendering many people as jobless.
If the bad result were reduced the trade-off would be less economic production because these noises are from economic production results. Thus, eventually leads to lower incomes in the country.
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