The opportunity cost in this scenario is Mikael's decision to forgo seeing Ouro Preto during his stay in Brazil.
Opportunity cost refers to the decision making process people use in terms of how they spend their time, resources, or money. This term refers to the loss that a person suffers by picking a certain option. In this case, Mikael does not want to cut his food budget. Instead, he picks to skip visiting Ouro Preto. So this represents how Mikael is losing out on seeing this site in order to eat the foods he wants while on vacation.
Answer:
They claim the new land for the original country, and the original country keeps some control over the colony. The settlement itself is also called a colony. The practice of setting up colonies is called colonialism.
explain:
A colony is a group of people from one country who build a settlement in another territory, or land.
Answer:
to reduce competition for jobs
Explanation:
took the test
