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Shtirlitz [24]
3 years ago
11

Select the correct answer. Which economic term represents the value of the second-best alternative that an individual gives up w

hen making a choice? A. marginal spending B. marginal benefit C. opportunity cost D. marginal cost
Social Studies
1 answer:
Mumz [18]3 years ago
5 0

Answer: Opportunity cost

Explanation:

The economic term which represents the value of the second best alternative that someone will give up when making a choice is refered to as the opportunity cost.

The opportunity cost is the cost of what we forgo as an individual when we make another decision. For example, if I've an option of playing football or going to work and earning $20, if I choose to play football, the opportunity cost will be the $20 that I won't get for choosing a different alternative.

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Compared to developed nations, developing nations have
Llana [10]

Compared to developed nations, developing nations have low high per capita income and GDP.

<h3>What are the difference between developed nations, developing nations?</h3>

The countries  that are  facing the beginning of industrialization are been regarded the Developing Countries.

In conclusion the Developed Countries have low  per capita income as well as  GDP as compared to Developing Countries., hence Compared to developed nations, developing nations have low high per capita income and GDP.

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5 0
2 years ago
Hakeem has a very clear memory of his daughter's birth. He remembers the weather, what he was wearing, the sounds in the hallway
Nutka1998 [239]

Answer:a) he has a flashbulb memory for this event.

Explanation:

A flashbulb memory :

This is a memory that contains many details with a clearer snapshot of a situation that had aroused emotional feelings on the person when they first heard about the situation.

They are stored in long term memory and they focus on the specific situations which were shocking ,emotional arousing when we first encountered with them or heard about them. These memories makes us remember most details such as where it happened , what were the emotions and what was there at that time because they are vivid snapshot in our mind of these events.

Some situations that form this kind of memory are when we lose a person we love the moment we heard about it get restored as a flashbulb memory. Emotions are key factors that makes us have flashbulb memory.

although overtime these memory may decrease in the level of accuracy but still a person remains confident about the details

 

Hakeem's daughter birthday surely made him so excited and happy which makes him remember all the details and probably because he keeps telling the story over and over again.

6 0
4 years ago
A decrease in the money supply might indicate that the fed had
Inga [223]

Answer:

The federal is experiencing deflection and the economy is heading to a turpsy turvy.

5 0
3 years ago
In what ways does the social science lens help articulate a deeper understanding of the social issue(s) that inform your issue/e
g100num [7]

Social sciences educate people on how to engage in social interactions, including how to shape public policy, build networks, improve government transparency, and advance democracy. For many people all across the world, these issues are urgent, and finding solutions to them might significantly improve people's quality of life.

Social science is crucial because it  helps to articulate a fact-based foundation on which to create a more successful governmental system and social issues. Social sciences educate people on how to engage in social interactions, including how to shape public policy, build networks, improve government transparency, and advance democracy. For many people all across the world, these issues are urgent, and finding solutions to them might significantly improve people's quality of life.

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7 0
1 year ago
When we look at functionally important jobs in our society, the patterns show?
jekas [21]

The most notorious pattern shows that <em>those who are qualified to occupy a role of functional importance</em>, which is the degree to which a job is unique job and requires skill, <em>tend to earn more than those who support lesser functions. </em>

Whether only a few or many other people can perform the same function adequately is directly related to the expected proposed wage, meaning that the lesser the amount of qualified people that can successfully perform a task the greater the wage is expected to be.


6 0
3 years ago
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