Answer:
When you buy something, you are foregoing all the other things you could have bought instead.
Explanation:
Opportunity cost is an economic concept that refers to the cost of giving up certain factors as a result of choosing a specific factor. In a simpler way, we can say that this concept refers to a situation, where an individual must choose a factor for a certain objective to be achieved, but the choice of that factor forces the individual to give up other factors.
An example of this can be seen when a person has to choose between buying a new sofa and running out of money to change the garage floor, or changing the garage floor, but running out of money to buy the new sofa.
Dnesday, U.S. President Obama and Cuban President Raul Castro announcedthat the two nations are on their way to restoring diplomatic relations. Obama, speaking of the change, said that the two nations are not served by a policy rooted in events that took place a half century ago.
Answer:
14
Explanation:
On January 8, 1918, speech on War Aims and Peace Terms, President Wilson set down 14 points as a blueprint for world peace.
-French Revolution inspired ideas.
-injustices and repression (committed by royal officials) ...
-peninsulares and creoles controlled wealth. ...
-only peninsulares and creoles had power. ...
-Almost all colonial rule in Latin America ended. ...
-upper classes kept control of wealth. ...
-continued to have strong class system.
