Honestly it’s not dangerous to live on credit unless you DON’T PAY YOUR BILLS because with cash you have a higher chance of your money being lost or stolen, and with debit you can only pay exactly what you have in your account penny for penny, but with credit you can over spend a little on Thursday if your pay check comes tomorrow.
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Answer:
B. A business gives its employees a raise, so it cannot afford to buy any TV ads.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.
Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.
Answer:
an alliance among independent states: <u>Confederal </u>
system of government in Britain: <u>Parliamentary</u>
adopted for a few years in the United States after declaring independence: <u>Confederal</u>
headed by a prime minister: <u>Parliamentary</u>
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Explanation:
just took the test on edmentum
