Any structural transformation involves costs, trade offs, and uncertainties, and it is vital that we understand these properly.

Relationships involve compromise.

Less spending means that the government will be smaller.

But, since these devices cost money, asymmetric information always leads to worse results than would otherwise occur.

The costs are mounting.

But the costs were terrifying.

The costs will run into the millions.

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They are trying to keep costs down.

They are trying to keep costs down.

They have to figure out the cost.

Costs and benefits matter.

There would, of course, be costs.

There would, of course, be costs.

Our costs, however, are a little different.

The expenditure was non negotiable.

In Brazil, the pension plan of private sector workers runs a small surplus, but that of civil servants runs an enormous deficit, equivalent to of 4.5 of Brazil's GDP.

Studies show that benefits are higher than the costs.

Again, there would be a cost.

We have to reduce the cost to a minimum.

The cumulative costs can be stunning.

Our choices will result in different outcomes and different costs.

According to the Stockholm International Peace Research Institute, global military expenditures last year exceeded 1.3 trillion.

Inpatient care, too, has been slashed.

Consider the enormous opportunity cost of huge military budgets.

One thousand dollars will cover all the expenses for the party.

The view that extra government spending crowds out an equal amount of private spending, so that its net stimulus effect is zero, would be true only if the economy were at full employment.

Yet they also imply the possibility of, if not magical, some certainly reform oriented partial solutions to Russia's crisis.

It is now clear that European and American geopolitical interests are not automatically in harmony.

Indeed, the Chicago School tacitly assumes that economies are always at full employment.

So, one reason countries do not like capital inflows is that it means more domestic demand leaks outside.

India, which spends 3.2 of GDP on education, ranks lower than the average in Sub Saharan Africa.

But potentially significant costs offset these small benefits.

ISPs need to pass these costs on to their customers. But they won t, because they compete mostly on price.

This finances domestic spending on foreign goods.

But connecting to these networks involves fixed costs.

ISPs need to pass these costs on to their customers.

These expenses are already the cause of open outrage among local residents.

As the author Ian Buruma recently mused, it is not clear what people mean by China.

Both have their characteristic benefits and costs.

The biggest factor is the massive cost and the tiny reward.

We have significantly lower capital costs in our plant equipment.

But those lessons imply reforms that are more far reaching than Chirac is ever likely to envisage.

The later manifestation of African belief systems in Brazil suggests their mission wasn t fully successful.