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bazaltina [42]
3 years ago
9

"Opportunity cost" is related to the basic economic concept known as ___.

Social Studies
2 answers:
Ira Lisetskai [31]3 years ago
8 0

Answer:

scarcity

Explanation:

I just took the quiz on USATestprep. hope i helpped <3

Vikki [24]3 years ago
4 0

It establishes the basic relationship between scarcity and choice and this is the key concept in economics.

Explanation:

This explains the concept in which loss is occurred by not choosing the next best product or not giving way to the new opportunity. The loss time the real cost of the output the benefits or the utility which is provided must be included in the opportunity cost. To gain opportunity cost one must sacrifice without sacrifice there would be no opportunity cost and one must make the best decision to gain opportunity cost.

If an opportunity cost does not have cash flow then it will be not recorded in the accounts book but they play an important role in making business decisions.

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3 years ago
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Which action could be considered an indirect effect of the protestant reformation?
Readme [11.4K]

Answer:

C. The rise of nation-states

Explanation:

With the rise of Protestant Reformation against the Catholic church in the 16th century, there were direct consequences which include wars caused by religion, reduction in the power and influence of the catholic church, individuals leaned towards practical thinking among others.

A protestant reformist, Martin Luther was vehemently against the practices in the Catholic church. He urged every individual to believe only what the bible says. His teachings also include the fact that the only way to make to heaven is to have faith. These led to war in churches. Although the catholic churches were not impressed with Martin Luther, his teachings got to Western Europe.

The Protestant Reformation also brought about the rise of nation-states in Western Europe. For instance, In England, as a result of the dispute between the king and the pope, as to who is in full control, and also with the conflict in churches in 1530. The country's devotion to the England nation-states strengthened more than the churches.

4 0
4 years ago
Refer to Figure 6-9. In this market, a minimum wage of $7.00 creates a labor
elixir [45]

A minimum wage of $7.00 in the market creates a labor that is binding and creates unemployment.

<h3>What is minimum wage?</h3>

A minimum wage means the ceiling wage that must be paid to the labor.

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Therefore, the Option C is correct.

Raed more about minimum wage

<em>brainly.com/question/25863464</em>

5 0
2 years ago
What did some European settlers do to Native Americans and Africans?
White raven [17]

Answer:

As the English, French, and Spanish explorers came to North America, they brought tremendous changes to American Indian tribes. ... Diseases such as smallpox, influenza, measles, and even chicken pox proved deadly to American Indians. Europeans were used to these diseases, but Indian people had no resistance to them.

Explanation:

3 0
3 years ago
Based on Source 2, which statement shows a characteristic of the number of voters in 1828?
Romashka-Z-Leto [24]

Answer:

There's no source but i think A

Explanation:

sorry if wrong but u never put the source

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