Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
<h3>What is O
pportunity Cost?</h3>
Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
It is the amount or benefits an individual or organization get when they choose a particular products over another one.
The advantage could be monetary benefits.
Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.
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An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.
<h3>What is velocity of money ?</h3>
Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.
So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.
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Answer:
Managers who have the ability to understand, alter, lead, or control the behavior of others are said to possess human skills.
What is Human Skills?
having knowledge about and being able to work with people.
What is Skills?
the ability to use one's knowledge and competencies to accomplish a set of goals and objectives.
skills vs Skills.
skills refers to the general term, while Skills refer to the formal term "Skill Approach"
Answer:
$219,084
Explanation:
The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.
Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.
Hence the cost of the land
= $196,981 + $18,718 + $3,885 - $500
= $219,084
The answer is true because empowerment is a positive thing which leads to a positive outcome.
