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Tasya [4]
3 years ago
8

Which situation best illustrates the economic concept of opportunity cost?

Law
1 answer:
kati45 [8]3 years ago
7 0

Answer:

B. A business gives its employees a raise, so it cannot afford to buy any TV ads.

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.

For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.

Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.

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How can people demonstrate their understanding of the responsibilities duties and obligations of citizenship
vekshin1

Individuals may demonstrate their familiarity with their rights and responsibilities as citizens in a number of different ways. One of the ways is to conform to the rules and regulations set out by the government.

Through this method, one may learn to coexist peacefully with others. For this, it is necessary to know what actions are expected of a person in a certain situation.

For instance, police officers contribute to maintaining order, educators assist pupils to grow intellectually, businesspeople facilitate commerce, medical professionals aid in the treatment of illness, and presidents govern and ensure the general populace's safety and well-being.

This is further explained below.

<h3>What is citizenship?</h3>

Generally, Citizenship is a connection that exists between a person and a state; in this relationship, the individual owes loyalty to the state, and in return, the individual is entitled to the protection of the state.

In conclusion, There are several methods for people to prove they understand their duty as a citizen. One is by obeying the government's laws and regulations.

So, people may live in harmony. To accomplish so, one must know what to do based on their function. Policemen protect the peace, instructors guide and educate pupils, merchants trade, physicians treat ailments, and presidents govern and care for everyone.

Read more about citizenship

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6 0
2 years ago
Which clause provides that the Constitution, laws, and treaties of the United States constitute the supreme law of the land?A. T
Sergeeva-Olga [200]

Answer:

B. The Supremacy Clause.

Explanation:

The supremacy clause is present in Article VI, Clause 2 of the US Constitution. As the very name of the clause states, it refers to the supremacy that US sanctioned law has. The supremacy clause states that any federal law and any treaty made by the US government has sovereign value anywhere on the planet. That is, the clause states that federal laws and treaties are supreme on earth and for this reason, federal laws should be considered a priority over state laws.

5 0
3 years ago
In a burglary case, investigators have to collect evidence so that they can identify the source of the shattered pieces of glass
Sedaia [141]
I think it’s B but I’m not sure if it’s correct tho
6 0
3 years ago
Who can sign for financial responsibility for you to get your Driver License? Check all that apply.
Verdich [7]

The answer is your legal guardian and parent

6 0
3 years ago
What do Supreme Court judges do after they’ve heard oral arguments from lawyers about the cases before them? veto the law delibe
Gekata [30.6K]

Explanation:

give a criminal its punishment

4 0
2 years ago
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