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Rama09 [41]
3 years ago
11

State four features of opportunity cost​

Social Studies
1 answer:
Hunter-Best [27]3 years ago
7 0

Answer:

Opportunity cost is an economic term that refers to the value of the next best available option when a particular decision is made, that is, what is lost or not gained by choosing a certain option (which is supposed to be more beneficial than the option that was rejected).

In all decision making, each option must be weighed and evaluated before a decision is made. The more at stake, for example, if a company has to decide which products to produce, the more complex such calculations become. The opportunity cost is, therefore, a key concept when solving cases due to lack and efficiency of materials. Another example that can be given is the opportunity cost of taking a week off from work. The opportunity cost in that case is the loss of work, with the consequent loss of economic income.

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Explanation.
The purpose s to obtain data that closely resembles that of the entire population. Because this is impractical, random sampling is used.

After determining what a reasonable sample size will be, the size of the population is divided by the sample size to obtain a sampling interval.

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3 years ago
When Carlos's grandfather first migrated to the United States, he worked as an agricultural worker in California. When Carlos's
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Answer:

Intergenerational mobility.

Explanation:

Intergenerational mobility refers to the changes in social status between different generations within the same family, this type of mobility permits new generations to have better opportunities than the ones that their ancestors had and change their social status.

In this example Carlos' grandfather was an agricultural worker, Carlos' father worked as a clerk and because of their efforts, Carlos' is now able to graduate from college and medical school. We can see how Carlos' family has gone through changes in social status thanks to the efforts and opportunities they created.

Thus, this is an example of intergenerational mobility.

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3 years ago
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Cibophobia

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Which country had control of Vietnam before the revolution? Britain C. Russia b. United States d. France Please select the best
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Correct answer is d. France.

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Options B and C are not correct by default as Russia and United States were not colonial powers.

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Therefore answer d is the correct one.

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2 years ago
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