Answer:
When you buy something, you are foregoing all the other things you could have bought instead.
Explanation:
Opportunity cost is an economic concept that refers to the cost of giving up certain factors as a result of choosing a specific factor. In a simpler way, we can say that this concept refers to a situation, where an individual must choose a factor for a certain objective to be achieved, but the choice of that factor forces the individual to give up other factors.
An example of this can be seen when a person has to choose between buying a new sofa and running out of money to change the garage floor, or changing the garage floor, but running out of money to buy the new sofa.
Answer:
1) It helps economists tell the function of an economy 2) These are easier for producers to find more of, and therefore makes the resources more available and affordable to consumers
Explanation:
There honestly isn't an explanation to these, it's just simply how things work :P
Because it was a decisive victory for the Americans and convinced the French to join the war
Yes it is real I believe in it cause I want it to kill em
