The answer is feedback from a peer, coach, or teacher
Answer:
General Deterrence
Explanation:
Deterrence is of two types including:
1. General deterrence.
2. Specific deterrence.
General deterrence: The term general deterrence is defined as the process that is being designed to stop or prevent various crimes in a general population. In this scenario, this creates is a huge impact on people related to the legal punishment threat because the person involved in any illegal thing shall be punished in public in a way to humiliate the person. Hence, the other person who sees this will be scared of doing similar crimes.
In the question above, the statement signifies the "general deterrence".
Job losses and the rise in unemployment have put severe strains on the livelihoods of many Europeans. The forecast projects the unemployment rate in the euro area to rise from 7.5% in 2019 to 8.3% in 2020 and 9.4% in 2021, before declining to 8.9% in 2022.
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.