Wednesday, March 22, 2006

Opportunity Costs

In your first microeconomic class, you'll learn the idea of opportunity cost, that there is a cost to ANY choice - even the ostensible choice to do "nothing," because of the lost "opportunity."

Here is an interesting tidbit of information about the number of soldiers who died in various administrations.

Even during "peace-time," soldiers die, from training and so forth, so the numbers of military casualties ought to be put into this context.

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