Answer:
Ricardo's opportunity cost when taking the promotion is:
- <u>The time he spent with his friends</u>.
Explanation:
Opportunity cost regularly refers to what is waived once a decision is made, in Ricardo's particular case, when taking the promotion with an eye on the salary increase that he would have, despite the fact that he will lose part of the time he dedicates to his friends, <u>he is giving up the latter, which would be his opportunity cost in the near term, since in the medium or long term he may lose the friendship of said friends if he cannot dedicate time to them due to his work, which would also be taken as an opportunity cost if it happened</u>.
My bill proposal would be glo is the best
<span>Capitalism is the economic and social system and also the mode of production. In capitalism, means of production are predominantly privately owned and operated for profit and distribution, and exchange is in a mainly market economy. The rise of capitalism was supported by the ideas and theories of the many philosophers. One of the first was Adam Smith whose theory of "invisible hand" of market claimed that pursuing individual interests unintentionally produces good for society. David Ricardo developed the law of comparative advantages, which explain how trade can benefit all parties involved. John Lock argued that the right to have private property is the natural law.</span>
Like in a car plane or walking?
