Question

The sacrifices made by societies in order to engage in military spending represent the nominal costs of military spending. the opportunity costs of military spending. the real costs of military spending. the excessive costs of military spending.

Answer 1

the opportunity costs of military spending

Step-by-step explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

For example, in order to engage in military spending, the society might have to forgo renovating a hospital. This is the opportunity cost. Renovating the hospital was what was given up in order to engage in military spending