Answer:
In response to the Soviet blockade of West Berlin's land routes, the US starts a major airlift of food, water, and medicine to the besieged city's residents. Supplies from American planes kept the over 2 million people in West Berlin alive for nearly a year.
Explanation:
Before the steamboats, man had only the power of muscles (whether his own muscles or the muscles of animals). He depended on these muscles in transportation. This made transportation a very long and tiring journey.
Steamboats' main advantage was providing faster transportation to both people and goods. This reduced the time and the effort needed for transportation.
However, they were not very safe or accurately designed. Many people died as a result of the explosion of the boilers.
People receive income by exchanging human resources for WAGES or SALARIES.
Wages are a form of income where a worker is paid a certain amount per hour for each hour of work performed. You might punch a time clock and are paid for the hours and minutes spent on the job. For example, you take a job working at a fast-food restaurant for $10 and hour, and work twenty hours a week. So each week you'd be earning $200 in wages. (That would be your gross income. After taxes and any other deductions are taken out, your net income would be the amount deposited to your bank account.)
Salaried employees are paid an agreed-upon amount each week/month/year. They don't keep track of their hours in precise fashion. They're likely expected to work a full 40-hour work week, and might work added hours if needed to cover the needs of the workplace. For example, the manager of the fast food restaurant where you work for wages might be paid on a salary basis. He or she might come in early or stay late to make sure things are running well, and isn't punching a time clock each time in or out. The manager might be paid a salary of $35,000 annually (for the sake of example in this scenario).
Answer:
The other items you could have purchased with your $50
Explanation:
Opportunity cost represent the loss of potential benefit that occurs when you choose an alternative decision. This concept is usually used by businesses during their budget allocation process in order to find out the best way how to spend their capital.
On the example above, You receive $50 as a birthday gift. That $50 can be used for anything. You can choose to use it to purchase games, clothing, foods, etc. But you decided to spent it on wallpaper. By purchasing the ability you lose the opportunity to buy any of those other things. This loss is what considered as opportunity cost.
The difference is the Vice President has more political power.
