1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tems11 [23]
3 years ago
15

Explain the difference between trade-off and opportunity cost.

Social Studies
1 answer:
emmasim [6.3K]3 years ago
6 0

Answer:Trade off is sacrificing certain option to get another opportunity whereas opportunity cost is the cost that has to incur as a result of selecting the so-called opportunity. Opportunity cost is the result of trade off.

You might be interested in
Abraham Lincoln once said: "I don't know much about the tariff, but I know this. If I buy a coat in England, I get the coat and
earnstyle [38]

Answer:

The idea of restricting international trade, otherwise known as trade protectionism, is considered wrong because the world today is centered around globalisation.

Explanation:

Countries desire to increase revenue for their local governments. They impose trade barriers through the imposition of tariffs, embargos, voluntary export restraints and so on, with the aim of reducing competition from foreign industries so as to promote local companies. However, this usually produces adverse effects, heavier than the intended benefits. Such effects include reducing the wide variety of goods and services available to the population, reducing the number of jobs due to reduction in number of foreign companies, increasing monopoly power which will in turn lead to higher prices being charged by monopolists. Indirectly, restricting international trade also affects international relations.

7 0
3 years ago
The book 'The Social Contract' was written by?
konstantin123 [22]
Jean-Jacques Rousseau
7 0
3 years ago
Read 2 more answers
According to socioemotional selectivity theory, what do older adults tend to do when searching for meaning in later life?Accordi
erastova [34]

Answer and Explanation:

Socioemotional selectivity theory. Abbreviated SST was developed by by Stanford psychologist Laura L. Carstensen.

The socioemotiinal selective theory is a life-span theory of motivation. This theory suggests that older adults as they get older become selective with social interactions so that theyvseek only positive emotional relationship and systematically hone their social networks in a way that available social partners satisfy their emotional needs.

8 0
3 years ago
How did the UAE government preserve the UAE’s local heritage?
lubasha [3.4K]

Answer:

Museums in the UAE have contributed a lot towards the preservation of the culture of the UAE. There are several museums in the UAE. They display artwork, rare pictures, utensils, armoury, maritime equipment, currencies and other items from the olden times.

7 0
2 years ago
Read 2 more answers
Apply functionalism: How was the custom and practice of sworn virgins functional for this society?
Aleksandr [31]

The custom and practice of sworn virgins functional for this society as it enabled an heir to inherit their family’s wealth. This was the only way in which a woman could inherit her family's wealth. This was especially significant in a society where blood disputes frequently result in the deaths of many men, which can leave families at risk of losing all their assets with no male heir to inherit them

5 0
3 years ago
Other questions:
  • What is parlimentary system?
    10·1 answer
  • After allied forces in north africa were halted at the at the kasserine pass, which general regrouped them and masterminded an i
    12·1 answer
  • What did the rosewood incident indicate about American society?
    9·1 answer
  • Which of these does not describe the southern states?
    6·2 answers
  • Once they are elected, how long until members of the house of representatives have to run for re-election
    13·1 answer
  • Janyce is a member of a quality improvement group consisting of members of design​ engineering, manufacturing​ engineering, prod
    10·1 answer
  • Roosevelt supported the repeal of prohibition because
    9·1 answer
  • If a bill is passed by both chambers of the General Assembly, the governor has the option to do which of the following?
    6·1 answer
  • What explains the popularity of Wild West shows? Question 1 options: a) The shows tapped into anxieties about men losing their m
    9·1 answer
  • What do you mean by quality life?<br><br><br><br><br>​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!