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iris [78.8K]
3 years ago
10

Holly used savings to pay for the books for her college courses. In choosing to take money from her savings she gives up the int

erest that could have been earned on that investment. What is this trade-off called?
Social Studies
1 answer:
pochemuha3 years ago
8 0

Answer:

opportunity cost

Explanation:

opportunity cost is a concept in economics used to describe opportunity lost or alternative use of resources forgone as a result of allocation of resources to alternatives. In the example above holly gives up the interest that could have been earned from her investment and allocates the money resource to another alternative-book. Her opportunity cost here is the investment value as a result of the interest that would have accrued to her.

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If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the num
Alinara [238K]

Answer:

B. 25%

Explanation:

Given that

employed persons = 24 million

unemployed persons = 8  million

Population over 16 age = 40  million

The total number of the labor force = unemployed persons + employed persons

  The total number of the labor force   = 24 + 8 = 32 million

Unemployed\ rate = \dfrac{unemployed\ population}{ labor force}\times 100

Unemployed\ rate = \dfrac{8}{32}\times 100

Unemployed rate = 25 %

Therefore the answer is B.

B. 25%

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2 years ago
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7 0
3 years ago
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oksian1 [2.3K]

Answer:

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Answer:

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