The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
Answer:
If the exchange rate between the U.S. dollar and the Mexican peso is 1 peso = $0.11, and the U.S. dollar price per Mexican peso changes to 1 peso =$0.10, the peso is said to have depreciated and the dollar to have appreciated.
Explanation:
Depreciation is an economic term that indicates that a certain currency falls in value relative to another currency.
The opposite is appreciation: the currency in question rises in value relative to another currency.
Because of the change in the exchange rate compared to the other currency, you can buy more or less with your own currency in the period before the change in the exchange rate.
Answer:
US has dipped into recession as worried consumers flash warning signs
Explanation:
US has dipped into recession as worried consumers flash warning signs: The US economy is careening into another recession, two noted economists warn, as worries about the labor market and the coronavirus have worsened dramatically over the past two months. #accelerationism
The world's first civilization, founded in Mesopotamia, which existed for over 3,000 years. Rivers that flowed mainly through Iraq. Silt form the Tigris and Euphrates Rivers developed the Fertile Crescent<span>, where the worlds 1st farming civilization developed.
HOPE THIS HELPED!!</span>
Railroads helped farmers by letting them sell crops all around the country.
