Answer:
B. A business gives its employees a raise, so it cannot afford to buy any TV ads.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a paying your employees (workers), your opportunity cost would be the benefits like increased sales you could have earned if you had invested the same amount of resources in advertising your business.
Hence, the situation which best illustrates the economic concept of opportunity is when, a business gives its employees a raise, so it cannot afford to buy any TV ads.
Answer:
1. You write your state or federal senator about your idea.
2.The Creation of a Bill. Members of the House or Senate draft, sponsor and introduce bills for consideration by Congress.
3. Introduction of Legislation - A Member of Congress can submit a bill for introduction at any time during a Chamber's daily session.
4. Committee Action - The bill is referred to the appropriate committee by the Speaker of the House or the presiding officer in the Senate
5. Floor Action - The bill goes to the House for action.
6. Resolving Differences Between the House and Senate Versions
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Explanation:
Answer:
Piece of land and all the immovable structures on it.
In the state of Florida, there are three types of tests the police officers can perform on drivers
