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Ghella [55]
2 years ago
15

5. The opportunity cost is: A. The price of the good not chosen. B. The cost of the good chosen. C. The opportunity that present

s itself at the time of purchase. D. The costs of both good, chosen and unchosen.
History
1 answer:
Alisiya [41]2 years ago
3 0

The opportunity cost is the opportunity that presents itself at the time of purchase.

<h3>What is opportunity cost?</h3>

This is a concept in the field of economics that is used to show the value that a person misses out due to the fact that they missed out on an option.

It is the cost of choosing one good over another. The value missed out from the good that was not chosen is the opportunity cost.

Read more on opportunity cost here:brainly.com/question/1549591

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3 years ago
A domestic initiative that President Nixon was responsible for was the reduction of interest rates. The formal recognition of Ch
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Explanation/detail:

The formal recognition of China and Strategic Arms Limitations Talks (SALT) were <u>foreign</u> policy initiatives (not domestic).

As to interest rates, during the Nixon presidency, the Federal Reserve chairman, Arthur Burns, had begun raising interest rates.  In 1971, President Nixon exerted pressure on Burns and "the Fed" to keep interest rates down, but that only led to a decade of high inflation that caused other economic problems. So that was not a success for Nixon.

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President Nixon signed an executive order establishing the Environmental Protection Agency in 1970.  Subsequent committee hearings in the House of Representatives and the Senate ratified Nixon's order for the creation of the agency.  

Environmental issues had been gaining much attention during the 1960s, and the need for oversight became clear.  As Lily Rothman reported in a TIME magazine article:

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<em>- </em>"Here's Why the Environmental Protection Agency Was Created," <em>TIME, </em>March 22, 2017

Nixon's administration felt it necessary to take action to address pollution problems in the American environment.

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3 years ago
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3 years ago
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