A city council has $100,000 to spend on city improvements. The council may choose to spend this money on buying two new fire trucks or updating four local parks. Which of the following is a trade-off of choosing to spend the money on four local parks?
One trade-off of choosing to spend the money on four local parks instead of on two new fire trucks is that there may be a reduced ability to respond to emergency situations, potentially putting residents at risk. Additionally, the opportunity cost of investing in park improvements instead of fire trucks is that the overall safety of the community may be compromised.
