provide an example of an opportunity cost a whole country experiences when society or the government has made a choice.

Business

1 answer:

krek1111 [17]3 years ago

8 0

Answer:

Interest on a national debt

Explanation:

If a government decides to pay the interest on the national debt, that is one of the examples of an opportunity cost which a whole country will abide. For instance, a government pays interest on a debt of 10 million dollars, that money could have been spent on education, health or on building infrastructure such as roads. Governments every now and then make certain decisions which result in a large sum of opportunity cost, and a whole country experiences that.

You might be interested in

The rule of supply and demand says that

LuckyWell [14K]

Answer:

C ) As demand increases,price increases

4 0

3 years ago

Read 2 more answers

Which of the following is not a personality trait?

jekas [21]

Word processing is not a personility trait

8 0

2 years ago

What does mean about "what technical skills and knowledge areas are your strongest?

umka2103 [35]

This question is usually asked during job interviews. The interviewer wants to know what skills and knowledge do you have that will help him/her tell if the job is really suitable for you. You will just have to enumerate the technical skills you are confident on based on your experience and previous lessons.

7 0

3 years ago

Latoya has $113.94 in her checking account. During the week she goes to an atm and withdraws $40. she is charged a usage fee of

Maksim231197 [3]

She has 168.49 in her bank account

3 0

2 years ago

A major advantage of the corporate form of ownership is ______. Multiple choice question. unlimited legal liability ease of form

irinina [24]

The major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

The corporate form of ownership means a business/organization that is operating as a legal entity, that is, it is run separate from the parties who own it.

In other word, the corporation which operates as legal entity is created for purpose of operating for profit for individuals, stockholders, shareholders etc

Some advantages of corporation includes

Owners has limited liability.
The easy transfer of ownership.
The corporations usually lasts forever.

In conclusion, the major advantage of the corporate form of ownership is limited legal liability which means that the owner is limited to liability up to the tune of the amount that he invested in the company.

Read more about this here

brainly.com/question/1705632

5 0

2 years ago