" In simple terms, opportunity cost is the benefit not received as a result of not selecting the next best option. Opportunity cost is a key concept in economics, and has been described as expressing "the basic relationship between scarcity and choice".
Explanation:
True because government should help people and goverments have financial benefits.
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<u>Answer</u>:
Anderson really wants a chocolate doughnut from a popular coffee shop. He has been thinking about this particular food all day. He bought four doughnuts, but after eating one of them he didn't want chocolate doughnuts anymore. This phenomena is best explained by A. sensory specific satisfactions.
<u>Explanation:</u>
From what can see through the event that has happened with Anderson, this is due to sensory specific satisfaction. Our body requires different variety of tastes, color in order to be satisfied. Just like Anderson there are times when we really want to eat something but as we eat the first bite of it we feel like we couldn't have it anymore because our sensors are satisfied from that type of taste and texture; it tends to find something different and similarly this happened with Anderson and now Anderson doesn't wishes to eat donuts anymore.
Answer: All of the answers except for #2
1. They encourage people to continue creating new products.
3. If everything you worked hard to create was stolen and sold by someone else it would be demoralizing.
4. They benefit investors and idea people who put time and effort into bringing an idea to market.
5. They can keep your great idea from being pirated.