Answer:
Some of the changes initiated by Francois Mitterrand included, raising the minimum wage in the country, abolishing the death penalty, providing more special benefits to the poor and nationalizing key industries and institutes.
Explanation:
Francois Mitterrand was a centrist politician who increasingly became a leftist as ge gained power. His stance was complete opposite of the previous French government and his policies had a lasting impact on the country.
Some of the things he did were lauded as revolutionary, including abolishing death penalty, providing more social benefits and introducing a livable wage for the poor.
However, his policy of nationalization has a detrimental impact on the business community and entrepreneurship in the country. Many investors lost confidence in the country and the economic went through a tough period.
His socialist policies can still be felt today in the country where labor laws and rights for unions can sometimes cripple the country.
Answer:
The other items you could have purchased with your $50
Explanation:
Opportunity cost represent the loss of potential benefit that occurs when you choose an alternative decision. This concept is usually used by businesses during their budget allocation process in order to find out the best way how to spend their capital.
On the example above, You receive $50 as a birthday gift. That $50 can be used for anything. You can choose to use it to purchase games, clothing, foods, etc. But you decided to spent it on wallpaper. By purchasing the ability you lose the opportunity to buy any of those other things. This loss is what considered as opportunity cost.
The Netherlands <span>originally settled the colony that would later become known as New York.</span>
