Yes, It is possible for the opportunity cost of an input to be very low or zero if there is no alternative use for it. It means that the statement is true.
The opportunity cost of an input is zero if it has no alternative use. This is so because the cost of alternatives refers to the value of the next best option. Since there isn't an alternative available in the scenario described, the opportunity cost is zero.
The opportunity cost of a certain activity option is defined as the loss of value or benefit that would result from engaging in that activity (the cost) as opposed to engaging in an alternative activity that offers a higher return in value or benefit in microeconomic theory.
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I believe the answer is: D. Popular Sovereignty
Popular sovereignty refers the principle of government which ruled by the will from the majority of the people.
In democratic country such as united states (and most of the countries in western hemisphere) , this would be included in most state constitutions.
Answer:
c
Explanation:
Trade in New England was mainly exporting the goods that they produced. Agriculture had a large role in the economies of the Middle Colonies. The middle region had better soils, warmer temperatures, and a longer growing season. The Middle Colonies agriculture produced corn, vegetables, grain, fruit, and livestock.
Partial lunar eclipse, hope this helps:)
<span>The answer to this question is Economic
Relationships. Karl Marx is a philosopher, economist, and political theorist
who developed the concept of relations of production. Capitalist mode of
production is also known as the Marxist theory. According to Karl Marx,
relations of productions refers to the relationship to the capitalists and by
the workers. </span>
