The value of what you forgo in order to attend the party is known as the opportunity cost. due to you Normally studying at home, the advantage of the party outweighs the potential cost (such as a greater that you would have learned from studying that evening (for homework or a test).
<h3>What is meant by opportunity cost?</h3>
In other terms, opportunity cost is the other option or opportunity you must forgo in order to pursue your preferred alternative. It is, to put it simply, what we have to give up in order to act.
For instance, if you attend your friend's birthday celebration, you will undoubtedly miss your preferred study period for the exam the following day. This may result in a gorgeous crimson "F" on your exam paper, which would be a terrible loss. For this reason, sane people who are aware that they are not intelligent enough to review for the test while intoxicated in five minutes typically opt to stay at home and study. The inability to study for your exam in this instance is a lost opportunity.
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Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
<h3>
What was Foreign Assistance Act?</h3>
The Foreign Assistance Act can be regarded as an act that was structured to offer foreign assistance programs as well as distinguishing between military from non-military aid.
The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.
In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.
Some of the common foreign aid or assistance are;
- Multilateral Aid.
- Military Aid.
- Project Aid.
- humanitarian aid
- Tied Aid.
- Bilateral aid
Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.
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Prices prevent this. Lots of people can't afford to get as much as they wish, rather as much as they can buy. That's why a market system and stores don't sell out so easily, because people don't buy as much as they really wish for, but how much they need.
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Answer:
1. Rail Haul
2. Poker R- Us
3. Idol staff
Explanation:
The computation of the coefficient of variation is shown below:
As we know that
Coefficient of variation = Standard deviation ÷ average return × 100
For Rail Haul, it would be
= 25% ÷ 12% × 100
= 208.3333
For Idol staff, it would be
= 35% ÷ 15% × 100
= 233.3333
For Poker R-us, it would be
= 20% ÷ 9% × 100
= 222.22
Now we know that the highest coefficient of variation leads to high risk so the rank is as best to worst
1. Rail Haul
2. Poker R- Us
3. Idol staff
The GDP deflator for this year is calculated by dividing the used by the using and multiplying by 100. However, the CPI reflects only the prices of all goods and services; therefore the correct option is True.
The GDP deflator for this year is determined by multiplying by 100, then dividing the value of all goods and services produced in the economy this year at prices from this year by the value of all goods and services produced in the economy this year at prices from the base year. The CPI, however, only includes the costs of all consumer purchases of goods and services.
The CPI, a different economic term used to describe the consumer price index, and the GDP deflator are closely related. The GDP deflator can determine if there was inflation or deflation in the national economy for a specific year by using the CPI.
Therefore the correct option is True.
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