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Liono4ka [1.6K]
3 years ago
13

This excerpt from a famous speech is from a(n)

Social Studies
1 answer:
aivan3 [116]3 years ago
8 0

Wouldn’t it be from a Famous speech

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Which of these is not one of the seven factors noted in the text that promote the outbreak of war?
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A. Perceived threats
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Which of these BEST explains why most of Canada's population has settled near its border with the United States? A) Canada is po
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3 years ago
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Katie considers the alternatives that will be lost if she decides to spend her savings on buying a car. What is the economic ter
Mazyrski [523]

The economic term is the opportunity cost.

The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.

In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.

All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.

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This is an example of recency and primacy bias.

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What happened to Terrence is a pretty common occurrence to people who tend to remember things on a list with some form of difficulty as they usually only retain the things in the first part or the end of the list they are being narrated.

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