Answer:
More money was raised in taxes
Explanation:
This is true due to the amount of money rasied as Taxes by the government from the British Citizens. The taxing system is structured in such a way that, the have no other alternative than to pay up rather than running into problem with the government.
Answer: Did you figure it out?
Explanation: Just wanna know?
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
Many of the European thinkers of the Enlightenment period were greatly influential to the Founding Fathers, especially Jefferson, who used Locke's ideas when writing the Declaration of Independence.
