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
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Answer:
If your child is between 15 and 17 years old, they need ID to fly with United. They can choose from an extensive list of documents such as driver's license, passport, credit card, school ID, social security card, etc.
Explanation:
<em>Hope </em><em>it </em><em>helps </em><em>u</em>
FOLLOW MY ACCOUNT PLS PLS
Mary and Paul made a great deal of money recently by winning the lottery. They come from families of little education or money. They moved to a beautiful new home in a neighborhood well known for the wealth and high social status of its residents. The neighbors have been unfriendly to them, ignore their attempts to make friends, and talk badly to each other about the new family in the neighborhood. This is an example of <u>relational </u>aggression.
In the field of sociology, such a type of aggression that targets the social relationships pr status of a person rather than physically hurting him is referred to as relational aggression.
Relational aggression occurs when a person does not believe the other person to belong to his social status.
In the scenario mentioned in the question, Mary and Paul became rich after winning a lottery so the new neighborhood was unfriendly to them because they believed them to not be of their social status. Instead of physical aggression, they showed relational aggression by being unfriendly to them.
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Answer: This is an example of HINDSIGHT BIAS.
Explanation: Hindsight bias is defined as the tendency for an individual to calculate too highly the ability to have seen the outcome of an event. It is also known as the knew-it-all-along phenomenon or creeping determinism individuals here feel they already know what will happen after it has happened.
The phrase "life is lived forwards, but understood backwards." is a typical example because for an individual to understand life backwards, it must have already happened. Which is what hindsight bias explains an already occur event. More like predicting the past.
I'm muslim, so this stuff is natural to me XD
1st is Faith (Kalima)
2nd is Prayer (Munz)
3rd is Fasting (forgot the Arabic word for that)
4th is Charity (Zakat)
and 5th is the pilgrimage to Mecca (Haj)
Hope I helped bro