Answer:
c) opportunity cost
Explanation:
it means the value of the next highest valued alternative use of that resource. An example is, you spend money and time to go and watch a movie , you can never spend that time you and money at home reading a book and you cannot spend the money on something else
Answer:
McGuffey's Readers were among the first textbooks in the United States designed to be increasingly challenging with each volume. They used word repetition in the text as a learning tool, developing reading skills by challenging students using the books. Sounding-out, enunciation, and accents were emphasized. He also used the first Reader, and this taught reading by using the phonics method—the identification of letters and their arrangement into words.
Answer:
C. A company scales back production
Explanation:
- An inflation is a the sustainable increase in the price of the items gradual over the period of the time and it leads to the crises is the availability of the resources and directly affects the goods and services of the economy of the nation.
A public good is something that is provided for the whole society (without additional fees other than general taxes) and the best example is the highway system - the rest is not necessarily available to the whole society and is not necessarily for free.