The opportunity cost in this scenario is the three lost opportunities Harry experiences by deciding to go to his parents house. The term opportunity cost refers to <em>the loss of potential gain from other alternatives when one alternative is chosen. </em>The potential gain Harry may have lost by choosing to go to his parents for dinner instead could be <em>relaxation while fishing, His house painting being finished, and time spent with his friends at the birthday party. </em>These all can be considers lost opportunity due to choosing an alternate opportunity, that being dinner at his parents.
The United Kingdom, Germany, and Russia all collect taxes from their citizens. Collecting taxes from citizens is an element of any
C) traditional economy.
The judicial branch is known as the federal court system.
Hey there!
Confucius was a teacher, philosopher, and politician in Chinese history. His teachings taught about “justice, ethics, morals, human relationships, humanity, virtue, kindness, benevolence,
manhood, and so much more.”
This was known as Confucianism.
Hope this helps!
