The opportunity cost in this scenario is Mikael's decision to forgo seeing Ouro Preto during his stay in Brazil.
Opportunity cost refers to the decision making process people use in terms of how they spend their time, resources, or money. This term refers to the loss that a person suffers by picking a certain option. In this case, Mikael does not want to cut his food budget. Instead, he picks to skip visiting Ouro Preto. So this represents how Mikael is losing out on seeing this site in order to eat the foods he wants while on vacation.
Interactions between ideas, environment and people.
President Hoover’s initial reaction was that of government
restraint and instead asked Americans to chart their own path towards recovery.
This was because of his conservative ideology of limited government
A modern political action would be the revolution of workers. Many people believed this statement would be the rallying cry for individuals who supported the Communist way of life. Many felt that it signaled an end to global capitalism.
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