The correct answer is an opportunity cost.
<em>The sacrifice involved in making one decision over another is called an opportunity cost.
</em>
When talking about an opportunity cost, it is referred to as the benfits that exist when making a decision. It could be in business or a personal decision. When one individual makes a decision, there are other options left that can have benefits. The sacrifice involved in making one decision over another is called an opportunity cost. That is why is recommended to make a <u>cost-benefit analysis</u> to contemplate all the benefits.
Yes, Baron De Montesquieu believed that government was based on a contract between people and the ruler, which he an other Enlightenment thinkers such as John Locke referred to as the "Social Contract".
The reason why the Virginia Colony claim both land of each
sides in the Bay of Chesapeake, is because of Charters of which he had
determined the boundaries of Virginia and in the same time, their king during
their period had granted it, therefore, establishing the claim.
Colombia’s legal and regulatory systems are for the most part transparent and consistent with international norms. Colombia has a comprehensive legal framework for business and foreign direct investment (FDI), and the U.S.-Colombia Trade Promotion Agreement (CTPA) that took effect on May 15, 2012, has strengthened trade and investment between our countries. Through the CTPA and several international conventions and treaties, Colombia’s dispute settlement mechanisms and intellectual property rights protection are stronger than ever. Nevertheless, piracy and counterfeit products continue to be a major problem, which is the reason why Colombia remains on the U.S. Trade Representative’s Special 301Watch List.
Prohibition, the popular name for the constitutional ban on alcoholic beverages that went into effect in early 1920, is often cited as a source of conflict in the United States. Designed by social reformers as a "noble experiment" that would bring more order and morality to society, Prohibition seemed to have the opposite effect. The heavy traffic in illegal liquor brought about an increase in criminal activity, with organized crime figures (groups of criminals who worked together and often fought each other
