Answer:
People make choices about what to buy.
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.
Hence, the opportunity cost of buying a product is the utility (satisfaction) that could be derived in another product using the same amount of money.
For example, if you decide to use your money to buy a Playstation 5, your opportunity cost would be the satisfaction you could have derived if you had invested the same amount of money in buying a bike for easy transportation.
Hence, opportunity costs exist when people make choices about what to buy.
Answer:
Madison was one of the most important Supreme Court cases because it established the Supreme Court's power of judicial review (the right to declare a law unconstitutional) over Congress. It also helped define the boundary between the executive and judicial branches of the United States government.
Explanation:
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Answer:
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Toward the end of the 14th century AD, a handful of Italian thinkers declared that they were living in a new age. The barbarous, unenlightened “Middle Ages” were over, they said; the new age would be a “rinascità” (“rebirth”) of learning and literature, art and culture. This was the birth of the period now known as the Renaissance. For centuries, scholars have agreed that the Italian Renaissance (another word for “rebirth”) happened just that way: that between the 14th century and the 17th century, a new, modern way of thinking about the world and man’s place in it replaced an old, backward one. In fact, the Renaissance (in Italy and in other parts of Europe) was considerably more complicated than that: For one thing, in many ways the period we call the Renaissance was not so different from the era that preceded it. However, many of the scientific, artistic and cultural achievements of the so-called Renaissance do share common themes–most notably the humanistic belief that man was the center of his own universe.
The one that is incorrect is this one: The massacre began because of a violent outburst by protesters towards passerby that supported the current government. Simply opposing the regime was a crime in their eyes, and thus the massacre happened.
