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shusha [124]
3 years ago
13

The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):

Business
1 answer:
schepotkina [342]3 years ago
4 0

Answer:

Opportunity costs

Explanation:

The potential benefits lost by taking a specific action when two or more alternative choices are available is known as opportunity costs.

Opportunity cost has to do with losing other alternatives by chosing to go with one alternative. Hence it is also called foregone alternative. It has to do with making a decision or choice to give up something in order to get something else which may be of more value.

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Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4
Bogdan [553]

Answer:

B. £0.2055/$

Explanation:

Given that

An Ounce of gold cost = $20.67 in US dollars

An ounce of gold cost = £4.2474 in British pounds.

Therefore,

Exchange rate per 1 dollar

= 4.2474 ÷ 20.67

= 0.20548

= 0.2055.

This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.

£0.2055/$

6 0
3 years ago
Staffing is a less important management function today than in the past true or false
In-s [12.5K]

Answer: statement is false

6 0
2 years ago
Read 2 more answers
One suggestion for helping poor countries enjoy the benefits of free trade is for richer nations to reduce barriers to importing
boyakko [2]

The suggestion is that poor countries reduce barriers to products relating to agriculture and <u>textile </u>products.

<h3>Why the suggestion?</h3>
  • It is thought that poorer nations produce certain type of products and these should be traded freely in developed countries.
  • It is hoped that this would allow poorer nations to become richer.

Some of those products include agricultural and textile products, both of which require little processing from raw materials which are abundant in poorer nations.

Find out more on agriculture in poorer nations at brainly.com/question/25077523.

7 0
2 years ago
Above each column is a statement about the Federal Reserve. Place each misconception about the Fed listed below in the column wi
maw [93]

Answer:

1. The Fed is an independent government agency  ⇒ C. A government agency should not have so much control over the economy because politicians are always going to do anything to win the next election.

The Fed is an independent government agency that pursues the best economic policy for the nation independent of what politicians want.

2. The Fed is overseen by the federal government  ⇒ A. The Federal Reserve lacks accountability because no one audits the Fed. There is no way to know what really goes on behind the scenes.

The Federal government however, gets to oversee the Fed to ensure accountability and best practices.

3. The Fed conducts monetary policy through open market operations ⇒ B. The Federal Reserve just prints more money when the economy needs it and gives it to link.

The Fed does not only oversee the printing of money by the Treasury, they also conduct monetary policy through the use of OMO by buying securities when they want money supply to increase and selling when they want a decrease.

4 0
3 years ago
Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, d
Marina CMI [18]
<span>Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, derek began by determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. the result would be the cost of production. for example: if price to zoo = $6 million, and company profit margin = $2 million, the cost to produce cannot exceed $4 million. [$6 million - $2 million = $4 million.] the demand-based pricing strategy in this example is called target costing.

</span><span>Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.</span>
7 0
3 years ago
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