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.
Answer:
state sovereignty
Explanation:
The articles of the confederation were the first US government document. This document implemented the principle and sovereignty of the state, although it united the American states in a very weak way, since it did not promote a strengthened central government, but it provided the states with the right of self-government. Confederation articles were replaced by the federal constitution after much debate about their negative and positive points.
Its many fast-flowing streams provide hydroelectric power.
Certain economics theories (especially Keynesean economics) often encourage governments to increase
spending during times of recession even if they must borrow the money
for that spending because this is the only way to inject cash into the economy. The money must come from somewhere.
Answer:
Pericles strengthened democracy in Athens by paying public officials. Pericles expanded the empire by building a strong naval fleet. Pericles rebuilt and beautified Athens.
