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ziro4ka [17]
3 years ago
6

How is the literacy rate of a country related to its standerd of living?

Social Studies
1 answer:
kumpel [21]3 years ago
6 0

In America our schooling system is unbelievably bad. We teach the unrelated and ignore those you need one on one help. But in America, if you are taught the basics and the standard things that these obscene  public schools then you have some class. But if you aren't capable of reading or understanding the basics you won't be able to comprehend some things small children can. Understanding how to read and write is the basis for discovery and for achieving things that require such ordeals.

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The correct answer is: Ignores the purchase price is now a sunk cost.

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A sunk cost can be understood as money that has already been spent and therefore it is impossible to recover it. In other words, sunk costs are unrecoverable costs.

<u>It is a concept widely used in the economy, microeconomics, and business.</u>

<u>It is also known as retrospective cost. </u>

In conclusion, a sunk cost is a sum of money that was paid in the past and doesn't have any relevance in the present moment or the future.

In this particular case, Grace's behavior indicates that she is ignoring the fact that the purchase price of the pair of shoes is now a sunk cost.

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