From birth one cannot speak or walk but when you start to grow us as a child you gain these necessary abilities like speech, understanding speech and walking without support
Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
'America the Beautiful' was written by Katharine Lee Bates, was originally
called “Pikes Peak” and describes our country’s natural splendor and the
patriotism
<span> of its people</span>.
A period of reassessment in a person's life that may result in a positive change, such as a new hobby or career is known as midlife crisis. Usually men buy a new car, or women start doing some hobbies they would never do before.
