<span>Basically "Opportunity cost" is what you're going to lose (or have a potential to lose) if you chose a different action than what you're presented with. In the example, you're working for $15 an hour, but if you decide instead to skip a pratrice to go to the fair you're losing out of the $15 an hour you'll be paid and have to pay $9 to go to the fair. All total, you're opportunity costs for that will be $24 (fifteen you would have made plus the nine dollar fee.) This is also assuming, of course, they don't fire/dock you for just skipping work.</span>
Answer:
<u>increasing real output and reducing unemployment</u>
Explanation:
The expansionary phase of the cycle is business characterized by the i<em><u>ncreasing real output and reducing unemployment.</u></em>
<em> Business cycle refers to that cycle in which there is increase and decrease or fall and rise of output of goods and services.</em>
<em> Business cycle has main four stages expansion ,peak , contraction and trough.</em>
The main cause of business cycle is the forces of supply and demand , expectation of future and it availability of the capability may also cause the business cycle.
Economic cycle is another name of Business cycle . Business cycle plays a crucial rule in the economy as it influence the demand of the consumer.
Answer:
Yes, the WTO stands for trade liberalization, which requires transparency, economic reform, and no protectionism, regardless of the member nation's economic situation.
Answer:
$18,750
Explanation:
Income from investment = 25% * $75,000
Income from investment = 0.25 * $75,000
Income from investment = $18,750
The amount that will be reported by Poke as income from its investment in Shove for 20X8, if it used the equity method of accounting is $18,750
