All categories

2 years ago

Which diagram best illustrates the economic concept of opportunity cost?

Social Studies

1 answer:

kolezko [41]2 years ago

4 0

Answer: B

Explanation:

Opportunity cost is a profit or benefit that must be given up on order to acquire something else. Every resource such as money, land, and time can be put to a different use, therefore every choice, action, or decision has an opportunity cost.

Opportunity cost is the value or worth of the next best thing that one gives give up whenever a decision is made. It is the loss of a potential gain from another alternatives when a different alternative is chosen.

When a city invests in repairing its road, the opportunity cost can be not able to afford a museum because the money that could have been used to build a museum has been used for the road.

You might be interested in

What is the movement of Divergent Boundaries?

iogann1982 [59]

divergent plate boundary[dĭ-vûr′jənt]

A tectonic boundary where two plates are moving away from each other and new crust is forming from magma that rises to the Earth's surface between the two plates. The middle of the Red Sea and the mid-ocean ridge (running the length of the Atlantic Ocean) are divergent plate boundaries. Also called passive margin spreading zone See more at tectonic boundary . Compare convergent plate boundary .

3 0

2 years ago

Baby Jordyn will be 2 in a few weeks. Her mother has instituted a strict toilet-training schedule. Jordyn is placed on the "pott

RoseWind [281]

Answer:

Fixation

a n a l

Explanation:

Sigmund Freud was the founder of the psychoanalytic school of therapy which focuses on the unconscious which dictates most of our behavior and also focuses on the events from our childhood and how these events affect our adult behavior.

One of the main concepts of this theory is the concept of fixation, this term refers to the phenomenon that occurs when one person gets "stuck" in a stage of development because there was either a lack of attention during this period or too much attention.

On the other hand, according to the psychosexual stages proposed by Sigmund Freud, the a n a l stage takes place from 18 months of age to three years of age and it's during this period where "potty training" starts. When this training gets too rigid, it can cause an a n a l fixation.

In this example, Jordyn will be 2 in a few weeks and her mother has a strict toilet training procedures in which Jordyn is immediately punished when she has an "accident". We can see that <u>Jordyn is in the a n a l stage of development (because of her age) and her potty training is too rigid</u>, therefore, she might end up having a fixation at the a n a l stage of psychosexual development.

5 0

2 years ago

Nepal is a country of unity in diversity justify

QveST [7]

Answer:

search in khullabs there is nice ans of it

Explanation:

dont be angry

it is there

khullabs.com

and select subject social and chapter

6 0

2 years ago

Read 2 more answers

You give your friend instructions about what to buy for a party by quickly rattling off fifteen unrelated grocery store items. T

zhannawk [14.2K]

Answer: Seven

Explanation:

It has been discovered that people averagely recall easily the first seven items on a list than all the items on the list. The items that would be recalled on the list is seven.

8 0

2 years ago

Latin america, asia, and africa do not have a problem with over urbanization

Alecsey [184]

According to urban anomie theory the impersonal nature of city life extends to situations that do not call for social involvement.

6 0

2 years ago