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
alina1380 [7]
3 years ago
7

1. Use the concept of Opportunity Cost to explain the following

Social Studies
1 answer:
Sladkaya [172]3 years ago
6 0

The correct answer is, the explanation using the opportunity cost is the following.

First, the <em>opportunity cost</em> is the benefits a person lose when it makes a decision of one thing over the other when the person has different alternatives.

This being the case:

a) more people choose to get graduate degrees when the job market is poor. The cost of opportunity, in this case is, that people do not get a job because maybe is not an attractive one or is paid low, but they prefer to get a degree or take courses for their continual education.

b) More people choose to do its own home repairs when the economy is slow and hourly wages are down. This way people can save some money doing their own home reparations instead of paying the service, but the quality of the work is at risk because it is not done by an expert that is qualified to do the job.

c) There are more parks in suburban than in urban areas. There are more people in urban areas that can go to the parks, but the places are going to be more crowded. The parks in the suburban areas are far away but there is going to be fewer people, more space and probably in better conditions.

d)  Fewer students enroll in classes that start before 10:00 AM. They prefer to sleep more time instead of waking up earlier, but the problem is that they are going to have less time to do their activities. They probably are going to be in a rush.


You might be interested in
Set up trade operations on the island of Desima in the 1600s. true or false
const2013 [10]
The Dutch traded there if that helps
7 0
3 years ago
Read 2 more answers
The results from a research study indicate that adolescents who watch more sexual content on television also tend to engage in m
likoan [24]

The correct answer is A positive correlation

Explanation: A positive correlation indicates that the two variables move together, and the relationship is strong the closer the correlation gets to one. A negative correlation indicates that the two variables move in opposite directions, and that the relationship also becomes stronger the closer to minus 1 the correlation becomes.

4 0
3 years ago
In a study on memory, the person running the experiments reads the same list of words to two groups. She asks Group 1 to count t
laiz [17]

Answer: Level of processing

Explanation:

This experiment shows that the level of processing is very important when it comes to memory.

The group of words when related to its meaning is remembered more efficiently as compared to the group of words without meaning.

The reason is level of processing which states that memory depends on how the information is programmed into the mind.

Deeper the processing better encoding so group B had a better retrieval as compared to group A.

7 0
3 years ago
Wal-Mart distribution centers bring together a large variety of different kinds of products from a wide range of manufacturers.
Alenkasestr [34]

Answer:

assortment function

Explanation:

According to the different distribution methods and terminology, it seems that Wal-Mart is performing the assortment function in this scenario. This is a process in business in which the company calculates and sends the right amount of product to the stores in order to match the demand that is needed in each of their retail stores. Which is exactly what Wal-Mart is doing.

4 0
2 years ago
True or false for exploring the environment, humans depend on hearing more than any other sense
PtichkaEL [24]
I think the answer is false
8 0
3 years ago
Other questions:
  • Marlee was attacked at gunpoint in a parking garage by an attacker wearing strong cologne. She now refuses to go through the mal
    8·1 answer
  • True or false people who live with a relationship partner are slightly happier than those who live alone
    12·1 answer
  • Global climate change is most likely the result of _____
    15·1 answer
  • In the process of shaping, behaviors are ordered in terms of increasing similarity to the desired response. These behaviors are
    6·1 answer
  • How would you summarize the difference between direct and representative democracies?
    10·1 answer
  • Sara is waiting for the results of a job interview she appeared for. She is anxious to know about the outcome and hopes that she
    13·1 answer
  • What type of political system did the empires of W. Africa have? *
    15·1 answer
  • A ________ is a social and symbolic hierarchical system of classification and separation that organizes people into rigid groups
    9·1 answer
  • __________ is the temporary workspace of a computer. it stores the content you are currently working on.
    5·1 answer
  • Tax preparation software can help prepare and file your<br> taxes by
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!