Because it had lots of material there that England didn’t have
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Answer:
Spend
Explanation:
We see that there is $419 available to spend, and the “thing” that the class wants is only $350, which is far less than 419.
Because 419 > 350, the class has more than enough money to spend on the field trip. So, they don’t need to save up more money; instead, they can spend it.
Answer:
. Paying rent is a need while buying a new video game is a want.
. realizing opportunity cost
Explanation:
A need can be defined as something that an individual requires in order to lead a healthy lifestyle. When a need occurs, a deficit produces a direct negative result: a disease or death.
Whereas on the other hand, wants are aspirations which can be fulfilled by enjoying a successful operation, facility, or recreation.
In simple words, opportunity cost refers to the loss of profits that an individual faces due to choosing best alternative over second best alternative
