The opportunity cost in this scenario is the three lost opportunities Harry experiences by deciding to go to his parents house. The term opportunity cost refers to <em>the loss of potential gain from other alternatives when one alternative is chosen. </em>The potential gain Harry may have lost by choosing to go to his parents for dinner instead could be <em>relaxation while fishing, His house painting being finished, and time spent with his friends at the birthday party. </em>These all can be considers lost opportunity due to choosing an alternate opportunity, that being dinner at his parents.
<span>King George III speaks before both houses of the British Parliament to discuss growing concern about the rebellion in America, which he viewed as a traitorous action against himself and Great Britain. He began his speech by reading a “Proclamation of Rebellion” and urged Parliament to move quickly to end the revolt and bring order to the colonies.
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Answer:
1. They needed a fair way to trade with other regions.
2. They used to trade with goods but that way of bartering became very confusing, so they created a currency to simplify this.
3. This use of currency could save time and energy for citizens who used to have to lug around heavy carts full of livestock or luggage.
4. The Ancient Phoenicians culture was based around the bartering and trade system. While this was fine for the time being the Phoenicians soon had a need for a modernized value. This is where the coin was brought into play which created a needed symbol of hard work and time spent.
Explanation:
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Answer:
The members of the Cabinet are often the President's closest confidants.
Explanation:
