The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.
- Hid plans to paint his flat that weekend.
- He considered also going fishing for the weekend.
- Hi friend Theo request to the surprise birthday reception for another friend.
<h3>What is the opportunity cost in the scenario?</h3>
“Possibility cost is the importance of the next-best alternative when a determination is made; it's what is given up,” explains Andrea Caceres-Santamaria, senior economic education specialist at the St. Louis Fed, in a current Page One Economics: Money and Overlooked Opportunities
To learn more about opportunity cost, refer
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Answer:
1. Your interest is important where you have burning desire to add value.
2. Your skills, background knowledge versus your interest and societal need.
3. Level and type of research-Under-graduate, Graduate student etc or just research
4. Availability of resources including Experienced Supervisor or Co-investigator, facilities/funds/Data/instrument among others
Explanation:
Answer:
Yes it can be used so the answer is True
Much of past civilizations have endured many failures and triumphs throughout their existence. In the third century, there were many civilizations that started to flourish. One of these civilizations that started to expand was the Byzantine civilization. The Byzantine civilization, also regarded as Byzantium, was part of the Roman Empire which was divided in 395 AD. Byzantium had shared the same attitude, as the Roman Empire, toward exercising its authority over its citizens and throughout its empire. The Islamic civilization had started thrive in the fifth century. The Islamic civilization was unified together as unison by Islam and it has expanded its civilization throughout parts of Europe through jihad. Because of their expansions …show more content…
Not only do both these civilizations share the same political system, but as well as the social structure, which is important for indicating the social organization in a civilization. The Byzantine Empire consisted with a society that included the upper class, middle class, and lower class. The upper class consisted of officials, members of government, and citizens who were wealthy. The middle class included merchants, and traders. The lower class consisted of slaves that were enslaved from the expansion of the Byzantine Empire. These slaves had the chance to worship God and be part of the community, but slavery for harsh punishment continued. The Islamic civilization had a similar social structure as the Byzantine Empire. The upper class was known as the Abbasids, they were known as judges, merchants, and government officials, and its citizens. The citizens lived in different conditions unlike Abbasids. Abbasids were privileged to be living courtyards and in temples. Slaves were common in Islamic culture, were given the right to believe in Allah and work as soldiers for the Islamic military. These classes indicate the similar features of society of both civilizations. In addition to political and social structure, both civilizations share the same economy. Byzantine and Islamic civilization use similar approaches to promote their economy. They have engaged in trading with other civilizations. Byzantine was a large exporter of grain and silk. Their
