"<span>Fiefs are upper-class nobility" is the statement among the choices given in the question that is not true. The correct option among all the options that are given in the question is the third option or the last option. Fief is actually an estate that is held as a fee. I hope that the answer has come to your help.</span>
Answer:
to instill terror and fear so citizens will follow government policies
Explanation:
Answer:
People make choices about what to buy.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.
For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.
Hence, opportunity costs exist when people make choices about what to buy.
