Answer:
Individuals own the development factors and respond to the three economic issues. Any of the output factors are owned by the government.
Explanation:
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Answer:
1. Immigrants: A person who comes to live perminantly in a new country.
3. Someone who is learning from a skilled employer and getting minimum wage.
Explanation:
Answer:
opportunity cost
Explanation:
The amount of money that he could have earned from working the job, if he would have chosen to do that instead of going to college is known as an opportunity cost. This is because it is the cost that Mr. Flanagan decided to accept in order to pursue another goal, which in this case was going to college. In the opposite choice, if Mr. Flanagan had decided to work a full-time job instead of going to college his opportunity cost would have been the education and high-paying job offers he could have gotten.
