The opportunity cost was: The money she would have earned working.
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Explanation:</u></h3>
When there exists two choices and you choose one, then the profit that you lose when selecting one choice over the other choice is called as the opportunity cost. Thus it helps in choosing a best decision where there are more alternatives are available.For instance consider you have 100$ and you decide to invest either in useful things or something that you enjoy.
In the example given, Sam is offered with an extra shift where she gets an extra pay. But she told to give that offer to some other person. Hence, the opportunity cost will be the amount that she might have earned when she accepted to work night.
the granite sierra nevada mountains and the volcanic cascade range
the heavily faulted and earthquake prone coast range
Answer: An effective price ceiling is a price imposed by the government below the equilibrium price.
Explanation:
Price ceiling is a price control that is imposed by the government to curtail how high producers or suppliers charge price for a commodity or service. Price ceiling is used by the government to protect consumers from purchasing very high commodities. The very high prices of the good can be as a result of inflation, monopoly or investment bubble
For price ceiling to be effective, the price set must be below the equilibrium price (price set by the forces of demand and supply).
Answer:
Explanation:
The 1800's was the time of the Industrial Revolution. During the Industrial Revolution, the working conditions were very bad especially for the lower classes. They were forced into awful cramp cities filled with crime and money that they were receiving were awful. During that time, they used to work children a lot because children were young and could often do thing better than adult workers could. Children were overworked and worked for about 14 hours per day! Now a days that would be seen as child labor especially with the awful working conditions. Children--mostly boys-- were usually taken out of school to work in these awful conditions to support there family. Now-a days, it usually required to go to school until a certain age.
