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gavmur [86]
3 years ago
5

What's opportunity cost? Provide a hypothetical situation/scenario showing an

Social Studies
1 answer:
vitfil [10]3 years ago
3 0

Answer: See explanation

Explanation:

Opportunity cost is what one forgoes when we choose a different alternative. Due to the scarcity of resources, we all have choices to make.

For example, if one is faced with a choice of either spending a certain amount of money on buying a book or going to the cinema. If the person eventually buys a book, then the opportunity cost is the cost of the movie not seen and the enjoyment that's comes with going to the cinema.

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An ideology that encourages a nation to "mind their own business" is
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isolationist

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Ano ang tiyak na halimbawa ng lilipulin?​
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3 years ago
This week, the reading and lesson trace a number of ethical theories that we will encounter and explore this session. These incl
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According to the text "Evaluating a Case Study: Developing a Practical Ethical Viewpoint," Ms. Smith, Mrs. Taylor and Mr. Jones cannot agree on who deserves to win a prize for outstanding moral behaviour. The candidates are Mr. Big and Mrs. Little. The main ethical concerns are: whether one big, good act counts more than many small good acts; whether benefitting one person greatly is better than benefitting many in small ways; and whether a good act that does not benefit the actor is better than an act that does benefit him.

The approach that I would use is utilitarianism. According to this approach, the "most" moral act is the one that contributes to the greater happiness of a greater number of people. According to this idea, Mr. Big would win the award. This is because Mr. Big saved a man from drowning. However, this man was an important businessman, which means that Mr. Big also saved all of the man's employees from having to face unemployment. He benefitted the largest number of people.

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3 years ago
What is it called when the world is seen as a single, interconnected society?
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The term global village describes how the world is being closely connected as the result of the propagation of media technologies throughout the world. It is the coming together of people from different part of the world by the internet to become so interconnected as to be a single community. Where there is nor more distance barrier or any from of segregation.

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4 years ago
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a

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