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AURORKA [14]
3 years ago
15

when choosing over the next best alternative due to trade offs faced, what is given up is called the​

Business
1 answer:
Alex Ar [27]3 years ago
8 0

Answer:

b. opportunity cost

Explanation:

<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.

The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.

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Proponents of rational expectations argued that the sacrifice ratio:______.a. could be high because people might adjust their ex
Arte-miy333 [17]

Answer:

b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible

Explanation:

In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible

Therefore as per the given situation, the option b is correct

3 0
3 years ago
When a contract is deemed against generally accepted public policy, the courts will determine the agreement to be _____?
Evgesh-ka [11]

Based on the statement above, the courts will determine the agreement to be likely as unenforceable and it is likely to be not voided. The agreement is likely to be impossible to be enforced by the higher authorities thought it is not voided or considered to be valid.

8 0
3 years ago
A periodic review system is __________. a. a term used to indicate the amount of demand b. to be met under conditions of demand
vladimir2022 [97]

Answer:

The correct answer is letter "C": an inventory system that is used to manage independent demand inventory.

Explanation:

A Periodic Review System is used to keep track of the inventory of a firm after determined periods. Review intervals are set by the company in an attempt to find out the amount of stock needed to fulfill consumers' orders or to reach the company's Target Inventory (TI). This inventory system is used to handle independent demand inventory.

3 0
3 years ago
ou have just read an explanation of the figures you studying as the total dollar value of final goods and services produced with
Shalnov [3]

Answer:

REAL GDP

Explanation:

GDP typically used as a variable to measure a nation's economic strength within a certain time period. But often time, the value of GDP is a little bit jaded. If the inflation is high, an increase in GDP doesn't really mean that the country become more productive.

This is why there are many experts prefers to use REAL GDP as a more accurate unit to measure the economic strength.

7 0
3 years ago
What is the definition of an entrepreneur
ANTONII [103]

Answer;////// An Individual who undertakes the creation, organization,and ownership of an innovative business with the potential for growth///One who draws upon his or her skills and initiative to launch a new business venture with the aim of making a profit, Often a risk-taker, inclined to see opportunity when others do not.................................Good luck


7 0
3 years ago
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