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valina [46]
3 years ago
10

Which diagram best illustrates the economic concept of opportunity cost?

Social Studies
1 answer:
kolezko [41]3 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.

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When a governor takes action to respond to a natural disaster in the state, he or she is fulfilling the role of:?
bazaltina [42]

The correct answer is crisis manager. Crisis manager is being defined as a leader who has the role of managing or taking action of having to organize unexpected events that happened in an organization by which will harm or disturb its balance.

6 0
3 years ago
The production of which substance increased during the Han dynasty
Mekhanik [1.2K]
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Given recent yearsÍ results and current voting trends; create a scenario in which the Electoral
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3 years ago
Which type of distribution policy exists when the vendor will sell to only a few stores in a community?
madreJ [45]

The selective distribution is the type that  exists when the vendor will sell to only a few stores in a community.

<h3>What is distribution?</h3>

This is the term that is used to refer to the system where by goods and services are transferred or supplied to the stores from where they would be able to get to the hands of the people that would consume them or use them for other purposes.

The selective distribution type is one that has the distributors  supplying the goods to only certain stores in the area or in a country. They operate this way as against other types of distribution.

Read more on selective distribution here: brainly.com/question/6480975

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6 0
2 years ago
Three ""legislative controls"" placed on appropriations by Congress that are related to funding are:
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1. Purpose

2. Time

3. Amount

Explanation:

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3. Amount: congress also placed legislative control on amount needed or to be appropriated for a project.

7 0
3 years ago
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