1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leona [35]
1 year ago
6

brazil spent billions of dollars to host the soccer world cup and the summer olympics. the opportunity cost of hosting these eve

nts is
Business
1 answer:
azamat1 year ago
7 0

The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.

<h3>What is meant by opportunity cost?</h3>

This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.

What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.

Hence we can say that The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.

Read more on opportunity cost here

brainly.com/question/1549591

#SPJ1

You might be interested in
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. W
Daniel [21]
<h3>In the given scenario unemployment rate is 10% </h3>

Explanation:

In the given problem,

Number of People who are working is 90,000

Number of People who are not working but looking and available is 10,000

Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to  work.  

Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))

Unemployment rate = ((10000 * 100) / (90000+10000))

Unemployment rate = (1000000 / 100000)

Hence, Unemployment rate = 10%

5 0
3 years ago
Read 2 more answers
The _____________ define(s) what the system does.
labwork [276]
1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics
6 0
3 years ago
Mike is applying for a home loan and wants to buy a house worth $150,000 in a neighborhood close to his work. however, he only h
hichkok12 [17]

Pay PMI (private mortgage insurance) which is the amount the lender charges to protect their interests in case the borrower stops paying and defaults on the loan.

6 0
3 years ago
Sherry, who is 52 years of age, opened a Roth IRA three years ago. She has contributed a total of $13,200 to the Roth IRA ($4,40
Alexxandr [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
Anna is a team leader at Shine Design Inc Gavin is her least preferred employee because he makes silly mistakes in his reports.
hammer [34]

Answer: (A) Relationship-oriented

Explanation:

 The relationship-oriented is one of the type of leadership style whose aim is to focus on motivating other people and also provide the satisfactory solution to the different types of team members by establishing an emotional and a meaningful relationship.  

According to the given scenario, Anna has a relationship oriented as Anna is the team leader and he also believed that the he can provide a valuable resource to an organization because of hardworking and the sincere nature towards the work.      

 Therefore, Option (A) is correct answer.

7 0
3 years ago
Other questions:
  • produces considerable inefficiency in the use of scarce resources. effectively harnesses the incentives of workers and entrepren
    6·1 answer
  • If mara’s puzzle factory is operating at a quantity in which the marginal revenue from the last puzzle produced is $20, marginal
    10·1 answer
  • On 3/1/14 Fox Corp bought back 1,000 shares of their common stock for $15 per share. There were no shares in the treasury prior
    8·1 answer
  • What are the features of a corporation? The chief distinguishing factor of a corporation is its . An investor who purchases stoc
    6·2 answers
  • Competition in the craft Brewing Industry in 20171. Identify the strategic issues facing craft beer brewers in 2017. What effect
    5·1 answer
  • Mattel Inc.’s 2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,0
    11·1 answer
  • The cost of equipment to apply epoxy paint to a warehouse floor is $1,400. Materials and supplies (masking tape, surface repair
    5·1 answer
  • Which transaction would cause one asset to increase and another asset to decrease?
    5·1 answer
  • You have accepted a job as the president and CEO of a large transportation conglomerate. Over the years, the conglomerate has ac
    14·1 answer
  • A production process has two workstations. The first workstation has a capacity of 200 units per hour and the second workstation
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!