Katherine's opportunity cost of attending the lecture is: the transportation and time cost of getting to the lecture event itself plus the reduction in her physics exam grade by not studying tonight.
<u>Explanation</u>:
The opportunity cost is the "cost" lost by not enjoying the benefit associated with the chosen alternative choice. People usually make use of opportunities to make themselves better.
The opportunity cost can be explained as giving up of profit or value to achieve something else. Opportunity cost is the value of giving up the best thing whenever you make a decision. When Katherine decided to attend the lecture of her favorite author, she lost her time, transportation cost and even scored low grade in physics exam as didn’t study on exam night.
The fourth question is correct (D).
To understand this answer, one must understand the mechanism of correction of inflationary processes.
Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.
<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.
For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.
Answer:
The approach Dr. Brian is using is:
A) The psychodynamic approach
Explanation:
The psychodaynamic approach in psychology focuses on how the unconscious forces and drives of a person influence his/her behavior. It also analyzes the conflict between such drives and society's demands. This approach tends to focus on early childhood, its experiences and traumas, as well as the different personality structures. Notice that Dr. Brian has found a link between Darcy's behavior and early childhood's experiences.
The psychodynamic approach includes theories by Sigmund Freud, Carl Jung, Alfred Adler, Erik Erikson, among others.
Answer:
B) Analyzing historical sources.
Answer:
False
Explanation:
The answer is FALSE.
Suppose you need to select a bank, then we will select a type of bank which has a branch near to your place so that it is convenient for you to reach.
Also while selecting a bank you will consider the fact that the bank will keep your money secure and will return your money.
Thus a person who is selecting a bank will consider the security of their return.
