Every purchase done by Peter should support His norms and values. He can either support large businesses that rips people, plants, animals, and the environment at large or rather go for organic and local produce.
Secondly, Donation of blood by saving a life.
Thirdly, give out used clothes to those in need. He can as well donate them to organizations that helps distribute them to the needy.
Fourthly, volunteering goes a long way.This simply means offering a service without getting paid for it. It nourishes the community and gives a sense a humor.
Finally, be kind, do unexpected good to the known and unknown. This goes a long way.
Answer:
A. It is the income foregone by not using a resource in an alternative way.
Explanation:
Opportunity cost is the income foregone by not using a resource in an alternative way.
Opportunity cost is refers to the value of what you have to give up in order to choose something else. It can also be called REAL COST.
It also refers to the value or benefits of something that must be given up in order to acquire another thing.
Answer:
The correct answer is letter "A": total value from trade in a market.
Explanation:
Canadian economist Alex Tabarrok (born in 1966) explains social surplus as the sum of consumer surplus, producer surplus, and bystanders surplus. Tabarrok takes an integrative approach in consumer surplus by stating <em>social surplus encompasses every economic trade in the market rather than only consumers and producers surplus.</em>
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Besides, Tabarrok believes when there are major external costs or benefits, the market will not reach its social surplus.
