Answer:
a. Value.
Explanation:
The opportunity cost of a choice is the value of the opportunities lost.
In Economics, 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.
Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.
<em>For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.</em>
Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional
Answer:
increase by $800
Explanation:
if taxes decrease by 200 then
GPD x tax multipler = net impact on GDP
the tax multiplier is calculated as follows:
multiplier = 4
tax variation x multiplier
200 x 4 = 800
As the taxes decreases the effect on the GDP is positive.
Answer:
B would be the correct and most logical answer.
Answer:
Implicit
Explanation:
An implicit message refers to such form of communication wherein the required course of action is implied and not expressly or explicitly conveyed. Such messages include a hidden but obvious idea or fact.
Such messages do not clearly convey what is exactly intended but rely on assumption of the receiver's right comprehension.
In the given case, Rafaela asked her assistant to complete a report as soon as possible. The assistant on the other hand took such directions as of routine course and acted casually w.r.t performing the task.
This represents an implied message of the urgency of the task since Rafaela used "as soon as possible.". What it could not state expressly being, the extent or magnitude of urgency. The message wasn't clear with respect to the time period within which the work was to be performed.
Thus, the implicit aspect of Rafaela's message wasn't understood by her assistant.