Answer: B
Explanation:
Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.
Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.
When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.
Since most mice have thin fur, it is most likely a dominant trait. However, as the temperature decreases, the mice could adapt and their fur could become thicker.
<u>Answer:</u>
<em>In our current times, the United States' economy is mainly considered to be market-based is a FALSE statement.</em>
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<u>Explanation:</u>
America has a mixed economy. It works as per a monetary framework that highlights the attributes of both free enterprise and communism. A blended fiscal structure ensures private property. It permits a degree of financial opportunity in the utilization of capital. Yet, it also takes into consideration governments to mediate in monetary exercises to accomplish social points and for the open great.
Free-showcase economy necessitates that private people possess all property, and all merchandise and ventures are secretly given.
Answer:
True
Explanation:
When those firms which are already existance in market feels threat from new entarnts. Then, they try to discourage the new entarnts to maintain their position in market and to earn same profit margins.
