The opportunity cost in the scenario above is the three lost possibilities, Harry could have undergone but decided to go to his parents house.
- Hid plans to paint his flat that weekend.
- He considered also going fishing for the weekend.
- Hi friend Theo request to the surprise birthday reception for another friend.
<h3>What is the opportunity cost in the scenario?</h3>
“Possibility cost is the weight of the next-best option when a decision is made; it's what is given up,” describes Andrea Caceres-Santamaria, aging financial education specialist at the St. Louis Fed, in a current Page One Economics: Money and Skipped Opportunities
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Eugene Debs became a socialist in 1897 while c) serving time in jail. He was incarcerated after he was complicit with the Pullman Strike and he read various social works and became a more radicalized social worker than when he had gone into jail. This was when he became a founding member of three different American socialist parties.
Answer:
plantations with cash crops
Explanation:
Virginia was a perfect place for planting cash crops. The Europeans saw its potential, as it had good climate, more than enough water, and fertile soil. Since there was big demand for the cash crops in Europe, the colonists started to create large plantations. Initially they wanted to use the Native Americans as labor force, but because of the spreading of diseases, most of them died out. This left the colonists with enormous plantations and no labor force to work on them. As the word spread out that there is slaves in abundance f=in Africa, the colonists started to buy African slaves to work on their plantations. Getting African slaves was beneficial to them in many ways; they only needed shelter and food; no wage was paid to them; the owners had all rights over them; they were good workers; the working hours were determined by the owners.
Answer:
Hi
Explanation:
The Navigation Acts (1651, 1660) were acts of Parliament intended to promote the self-sufficiency of the British Empire by restricting colonial trade to England and decreasing dependence on foreign imported goods.