Renaissance is a French word, meaning rebirth. it refers to a period in European civilization that was marked by a revival of Classical learning and wisdom after a long period of middle ages, cultural decline and stagnation.
(1300-1600)
Viceroys<span> exercised authority in a colony on behalf of the sovereign</span>
It owned production, distribution and exchange. Kind of primitive communism.
Jasmine's opportunity cost: "missing out on playing basketball".
As Jasmine has chosen to work in the supermarket, this should be the option that provides a higher benefit to her.
The opportunity cost is referred to the benefits you are missing out, related to the main alternative you have rejected in order to make your choice. In Jasmine's case this is represented by missing out the time she would have dedicated to basketball if she was not working in that supermarket.
