Opportunity cost refers to a particular thing that is given up in order to acquire another thing. Choices have to be made and something has to be given up because resources are scarce. In the question given above, Gretchen gave up buying two jeans, she bought one instead so that she can buy a guitar amplifier. The jeans, which should have cost $50 that she gave up and did not buy is the opportunity cost in this case.
Answer:
In the United States, the government operates under a principle called federalism. Two separate governments, federal and state, regulate citizens. The federal government has limited power over all fifty states. State governments have the power to regulate within their state boundaries.
Explanation:
b.
prices in 2012 are higher than prices in the base year
A family dinner just kidding violent family relations but I aren’t sure so don’t put this in check my answer first
