Which situation best describes an opportunity cost?

Answers

Answer 1

Answer:Opportunity cost is the cost of the forgone alternative when a choice is made. In this case, the store made a choice between buying a ship of computers, or buying new phones. It cannot do both because the firm has limited resources.

Explanation: Wrong subject.

Answer 2

Answer:

The opportunity cost of taking a vacation instead of spending the money on a new car is not getting a new car. When the government spends $15 billion on interest for the national debt, the opportunity cost is the programs the money might have been spent on, like education or healthcare.


Related Questions

How could this document help you argue for abolishing the Electoral College?

Answers

Answer:

The system is complex.

Shows how unfair the system is.

Explanation:

American voters elect the President and Vice President of the United States indirectly, through an arrangement known as the electoral college system. The electoral college system comprises a complex mosaic of constitutional provisions, state and federal laws, and political party rules and practices.

Although the electoral college system has delivered uncontested results in 46 out of 50 presidential elections since it assumed its present constitutional form in 1804, it has been the subject of persistent criticism and frequent proposals for reform. Reform advocates cite several problems with the current system, including a close or multi-candidate election can result in no electoral college majority, leading to a contingent election in Congress; the current system can result in the election of a President and Vice President who received a majority of electoral votes, but fewer popular votes, than their opponents; the formula for assignment of electoral votes is claimed to provide an unfair advantage for less populous states and does not account for population changes between censuses; and the winner-take-all system used by most states does not recognize the proportional strength of the losing major party, minor party, and independent candidates. On the other hand, defenders assert that the electoral college system is an integral and vital component of federalism, that it has a 92% record of non-controversial results, and that it promotes an ideologically and geographically broad two-party system. They maintain that repair of the electoral college system, rather than abolition, would eliminate any perceived defects while retaining its overall strengths.

The document that helps us to argue for abolishing the Electoral College is that the system is complex and shows how unfair the system is.

What is Electoral College?

An electoral college is a set of electors who are selected to elect a candidate to particular offices. Often these represent different organizations, political parties or entities, with each organization, political party or entity represented by a particular number of electors or with votes weighted in a particular way.

Early Germanic law stated that the German king led only with the support of his nobles. Thus, Pelagius needed to be elected by his Visigothic nobles before becoming king of Asturias, and so did Pepin the Short by Frankish nobles in order to become the first Carolingian king.

While most other Germanic nations had developed a strictly hereditary system by the end of the first millennium, the Holy Roman Empire did not, and the King of the Romans, who would become, by papal coronation, Holy Roman Emperor or at least Emperor-elect, was elected by the college of prince-electors from the late Middle Ages until 1806.

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Differentiate the Social issues,Politics,and Religion

Answers

Answer:

Both religion and politics have one common goal: that is to acquire political power and use it to fulfill their aims.

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