Answer:
People make choices about what to buy.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.
For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.
Hence, opportunity costs exist when people make choices about what to buy.
Answer:
A, E
Explanation:
The Phoenicians invented an alphabet of 22 characters denoting consonants. This alphabet then became the basis of the Greek, Latin, and Slavic alphabets. They radically improved shipbuilding, laid routes to the very ‘limits’ of the world known in their era, and even significantly extended these limits. In a sense, they became the first “globalizers" – they connected Europe, Asia and Africa with an all-pervasive web of trade routes.
Their method of building the fleet implied the introduction of certain standards, and, therefore, some system of measures and weights. These standards became common in the Mediterranean region. For example, the king of the Greek city of Argos - Fidon - introduced a unified system of measures of length and weight ("Fidon measures"), based on the Phoenician standards.
It inspired bus boycotts in other cities, spreading the civil rights movement
