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Dmitrij [34]
3 years ago
7

What is the definition of opportunity cost?​

Law
2 answers:
otez555 [7]3 years ago
7 0

Answer:

Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice" In other words, opportunity cost is the cost of the next best alternative of a product or service.

Explanation:

Damm [24]3 years ago
4 0

Answer:

the loss of potential gain from other alternatives when one alternative is chosen.

Explanation:

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The United States Senate has several methods of curtailing the power of the President of the United States. This power is known as “Checks and Balances”. ”Checks and Balances” provides the ability for all three branches of the United States government the power to regulate the power of any other branch. The three branches are the Executive (President), Legislative (Congress and Senate) and the Judiciary (Federal Courts including the Supreme Court). The Senate has the power to approve any treaties that the President makes with foreign nations. The Senate also has the power to approve presidential appointments e.g., federal judges, civilian employees of the US government, ambassadors and executive cabinet members.

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google your state go through the legal proccess

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