The correct answer is an opportunity cost.
<em>The sacrifice involved in making one decision over another is called an opportunity cost.
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When talking about an opportunity cost, it is referred to as the benfits that exist when making a decision. It could be in business or a personal decision. When one individual makes a decision, there are other options left that can have benefits. The sacrifice involved in making one decision over another is called an opportunity cost. That is why is recommended to make a <u>cost-benefit analysis</u> to contemplate all the benefits.
The use of slaves was reduced, because immigrants could fulfill the same roles as slaves in factories.
His homo economic man was also more often represented as a moral person. He is the author of The Wealth of Nations and The Theory of Moral Sentiments.
The main reason why <span>this statement was significant to the American public at the time was because Americans at this time were isolationist, and didn't want to feel as though they were getting involved in another foreign conflict. </span>
