Home/Tag: opportunity cost

Why a Medical Chief Opposes Universal Flu Shot

Although this story goes back to 2004, I am including it because it is one of the best illustrations of the importance of opportunity cost, as opposed to money cost, for making smart choices. A universal flu-shot for all Canadians would cost about $125 million per year and improve [...]

Why a Medical Chief Opposes Universal Flu Shot2020-05-11T08:08:51-04:00

The High Cost of Driving: Putting A Price on Traffic

Here is an interview CBC did with Prof. Chris Ragan of McGill, Chair of the EcoFiscal Commission. There are great issues of negative externalities, and how people ignore the opportunity costs of being stuck in traffic. The question is, is it worth paying tolls if it buys us more time [...]

The High Cost of Driving: Putting A Price on Traffic2020-05-09T10:54:01-04:00