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.
Answer: B. Ancient Egyptian tombs commonly contained the treasures of famous leaders.
Factors that contributed to the shrinkage of the average working week were restrictions on working hours and changes in age and retirement laws.
We can arrive at this answer because:
- Industrialized nations have a very low unemployment rate, in addition to having a stable and efficient economy.
- For this reason, these nations realized that promoting restrictions on working hours, allowing workers to work shorter hours, would promote improvements in the industry and the economy.
- These restrictions reduced the average workweek, but allowed workers to be more rested and become more productive, improving industrial production.
- It also allowed for changes in age and retirement laws, allowing people to retire earlier, or later in some cases.
The result of the shortening of the average working week brought social and economic benefits, allowing these nations to become stronger and have good economic production.
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Archaeologists learned many things about burials in the past. The way which someone is buried can indicate status, and their belief of an afterlife. For example, if they are buried with their wealth, it indicates that they may be taking their riches with them to the afterlife.
Answer:
Discrimination is the unfair or prejudicial treatment of people and groups based on characteristics such as race, gender, age or sexual orientation.
Explanation:
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