The economic term for this is "opportunity cost".
Opportunity cost is the cost of the options that one is not choosing. This means that if one has to choose between A and B, opportunity cost is the cost of "giving up B" when one chooses A.
There have been many wars, you need to specify which one you mean
False thomas jefferson favored a strict interpretation and he was part of the democratic republican party
The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.
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