The prices for factor of production depends upon demand and supply of that particular factor of production
C) the mom may not be at home or somewhere else the child couldn't find her, so maybe getting an ice pack while searching for the mother will be a choice
the Union of South Africa was created as a self-governing dominion of the British Empire on 31 May 1910 in terms of the South Africa Act 1909, which amalgamated the four previously separate British colonies
Eight years after the end of the Second Boer War and after four years of negotiation, an act of the British Parliament (South Africa Act 1909) granted nominal independence, while creating the Union of South Africa on 31 May 1910
Answer:
opportunity cost
Explanation:
opportunity cost is a concept in economics used to describe opportunity lost or alternative use of resources forgone as a result of allocation of resources to alternatives. In the example above holly gives up the interest that could have been earned from her investment and allocates the money resource to another alternative-book. Her opportunity cost here is the investment value as a result of the interest that would have accrued to her.
