A conversation between Newfoundland and Canada in 1949.
Canada: Well Newfoundland. I think the time has come to talk about a possible annexation to us.
- <u>Newfoundland:</u> Well yes. I guess its about time we got together to discuss some matters regarding this.
- <u>Canada:</u> How is your financial situation going?
- <u>Newfoundland:</u> We have had better times... we are nearly reaching $ 50 million in debt. I was wondering if you could help me out with this. I promise to manage stuff responsibly from now on.
- <u>Canada:</u> That proposal does not suit me at all. I will give you a hand if you agree to join me as a province.
- <u>Newfoundland:</u> I guess I have not much of a choice. I agree with your proposal.
- <u>Canada:</u> Well. It appears we have a deal then!
Simon Bolivarwas is considered the great liberator of south america
C. Opportunity cost
This is the opportuntiy that they lost. it costed them. Thus, opportunity cost for another opportunity.
50 is your correct answer