An example of such an event can be when the Civil War ended. The country went back to the gold standard and destroyed large sums of civil war money which was useless now. This led to a major deflation because there was suddenly much less money than before and the money had higher value than before.
Answer:
it is like a secret code that you can use to talk to people when you don't want an enemy to find out your tactics.
Explanation:
Katherine's opportunity cost of attending the lecture is: the transportation and time cost of getting to the lecture event itself plus the reduction in her physics exam grade by not studying tonight.
<u>Explanation</u>:
The opportunity cost is the "cost" lost by not enjoying the benefit associated with the chosen alternative choice. People usually make use of opportunities to make themselves better.
The opportunity cost can be explained as giving up of profit or value to achieve something else. Opportunity cost is the value of giving up the best thing whenever you make a decision. When Katherine decided to attend the lecture of her favorite author, she lost her time, transportation cost and even scored low grade in physics exam as didn’t study on exam night.
