Answer:
Opportunity cost is what is given up to obtain something, or the cost of doing something instead of another thing.
The opportunity cost of leisure would be best explained as the monetary value of time spent not working, or in other words, the income that is not received when you are not working.
For example, if a person works 8 hours a day, five days a week, making $20/hour, he will earn, by the end of the week, a total of $800 dollars. However, if he decides to cut back his hours in order to go to swimming classes in the afternoon, and now works 6 hours a day, five days a week, he will now make $600 dollars, so the opportunity cost of leisure for him is $200 dollars.
The explanation of the situation presented above, is related to the concept of memory and the different types that compose the human mind:
- Sensory memory captures impressions of stimulus collected through the five senses. It retains information for less than one second. If this info wants to be stored in longer lasting memory areas, it has to be elaborated.
- Working or short-term memory, retains the elaborated info that was acquired through the senses and momentarily kept by the sensory memory. This <u>elaboration consists on the application of techniques such as repetition (the one used in the example)</u>, or codification, etc. It allows to keep info for around one minute. If wanting to retain it indefinitely, more complex processes need to be undertaken so that the info ends up being part of our knowledge structures and stored in the long-term memory forever.
1. A. The Hague Netherlands
5. A. Communism
I believe the answer is: by proposing that the state legislature fund it in the budget
After the program is proposed to the state legislature, the legislature would review the program and determine whether the change is necessary and whether the states have all the necessary fund to actualise the program in that current years. If the proposal passed the review, the fund would be available for the government to spend.
