Answer:
A guess or estimate about what something will be like in the future
The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
Jeff Bezos. | Amazon. | $112 billion.
Bill Gates. | Microsoft. | $90 billion.
Warren Buffett. | Berkshire Hathaway. | ...
Bernard Arnault & family. | LVMH. | ...
Answer:
The Kingdom of Israel was destroyed around 720 BCE, when it was conquered by the Neo-Assyrian Empire. While the Kingdom of Judah remained intact during this time, it became a client state of first the Neo-Assyrian Empire and then the Neo-Babylonian Empire.
Explanation:
Answer:
The Fed lowering the interest rate during a recession
Explanation:
Economic policies include all the decisions taken by the government related to taxation and the redistribution or the supply of money.
An example of economic policy is "The Fed lowering the interest rate during a recession" as it involves the decision taken by the government of reducing interest rate due to a decline in general economic activity.
Hence, the correct answer is "The Fed lowering the interest rate during a recession".
