What is the relationship between the concepts of opportunity cost and trade-offs?

Answers

Answer 1

An opportunity cost is what you GIVE UP in order to pick another option. On the other hand, a trade-off is what your trade to recieve something else. An example of opportunity cost would be a good education, if you choose to not go to college. You are missing out on a good education, therefore that's the opportunity cost. An example of a trade-off would be going to the football game on a friday night instead of doing your homework. You would be trading doing your homework for the enjoyment of going to a football game. Hope that helps!


Related Questions

What is the definition of a complex problem/ issue

Answers

Answer:

Complex problems are typically defined as those that include the ability to approach them from multiple, sometimes competing, perspectives and which may have multiple possible solutions.

Explanation:

Agreement on the definition of the problem (owing to multiple values, perception, and perspectives)

Clear solutions to the problem owing to the wide array of possible solutions and trade-offs associated with each

Easily identified causes or authority due to the problem having multiple potential causes, jurisdictions, stakeholders and regulator or implications

Given the demand function P = 20 – 5Q, find the price elasticity of demand when price of the commodity is 5 Birr per unit. Mention if the demand is price elastic or inelastic at this point

Answers

Answer:

Explanation:

P=20 - 5Q

5 = 20 - 5Q

5 - 20 = 5Q

-15 = 5Q

Q = 3

E_d =\frac{dQ}{dP}.\frac{P}{Q}=-\frac{1}{5}×\frac{5}{3}=-0.333E

d

=

dP

dQ

.

Q

P

=−

5

1

×

3

5

=−0.333

The demand price is inelastic

Which one of the following communication events is the best example of performance?

a.Group of answer choices

b.a person telling a joke to their best friend

c. a textbook

d. a conversation between a brother & a sister about an upcoming surprise party for their father

e. a chart showing a bank’s quarterly profits

f. a monthly newsletter

Answers

A chart showing a bank's quarterly profits is the best example of performance. Option e is right.

Performance can be described as a form of review to see how well something is doing. Performance shows the quality of what is being done or what was done. It also shows competence and effectiveness.

A chart is a pictorial way of communicating with viewers. It shows certain trends in the image that is being viewed.

This chart would be showing the quarterly performance of the bank to those that are viewing it.

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Explain how might a zero interest rate complicate the task of monetary policy

Answers

Answer:

It cannot respond to an adverse shock to the economy by lowering interest rates. One option is to increase inflation by purchasing bonds to stimulate the economy.


1. You have observed the vigorous production of gas bubbles in a mixture of water, sugar, and yeast.
Write a scientific question that you could explore with an investigation.

Answers

A scientific question that you could explore with an investigation after you observed the vigorous production of gas bubbles in a mixture of water, sugar, and yeast is; " Is yeast responsible for the evolution of gas?"

A scientific question is a question that is testable. It can be verified by an experiment.

According to the question, it was observed that gas bubbles were produced in a mixture of water, sugar, and yeast.

If we ask the scientific question;  " Is yeast responsible for the evolution of gas?" we can answer it by having two set ups.

One should contain water and sugar without yeast while the other will contain water, sugar, and yeast.

This two set ups are observed for evolution of gas. In that way, we can answer the question; " Is yeast responsible for the evolution of gas?"

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What were the standards of ethics or morality in the Catholic Church before the Reformation?
Please give answer correctly to this question
I will like and support him or her

Answers

Answer:

Catholics believe that the strict morality of the church helps followers live in compliance with God's will and attain salvation in heaven. From the laity to the clergy, every member of the Catholic Church tries to follow a prescribed moral standard and seeks to avoid living a life of sin. This morality comes partly from the Bible, but also from theologians, philosophers and the papacy.

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Explanation:

Evaluate the ways in which the political compass is effective in measuring political ideology. Provide examples.

Answers

Answer:

The Political Compass Definitions

There have to be other measures for a political compass

You can’t be libertarian and left wing

Where are the right-wing social libertarians on the international chart?

Why is Hitler slightly right? The Nazis were socialists, so they weren’t fascists either.

How can I be in the same quadrant as Pol Pot/Hitler/Stalin? I’m no Pol Pot/Hitler/Stalin!

You’ve got liberals on the right. Don’t you know they’re left?

Politics have moved, but you’re still using the old economic parameters.

Explanation:  

Some of the questions are slanted

Respondents are going to feel under pressure to be politically correct

Some of the propositions are culturally biased

My position on The Political Compass™ is at odds with the politicians I support

In some cases none of the four possible responses reflected my attitude

You should have a “don’t know” option

Why don’t you collect statistics and report on test results?

Where would Jesus and/or Mohammed appear?

How can you determine where politicians are honestly at without asking them?

Political compass is basically a website which uses responses to a set of 62 propositions to rate political ideology.

What is the significance of political ideology?

Political ideology refers to the set of moral and ethical ideals, principles, doctrines, myths or symbols of a social movement, institution, class or any large group that basically explains how a society should work morally and how it should offers some political and cultural plan for a certain social order.

Political ideology is consider as one of the major concept for the development of any country. It determines the political behavior of different parties, politicians, activists, voters etc. It deliberately provides the plans of action for public policy with the motive of making a country stable.

Basically, political ideologies are of different types that may include Nationalism, Conservatism, Communism, Liberalism, Fascism etc.

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I also need help with this too!! Pls help

Answers

b : fewer people live in areas with extreme climates

Answer:

b.

Explanation:

construct a SWOT analysis of yourself and the school​

Answers

Answer:

S- strengths

W-weaknesses

O-opportunities

T-threats

what is a dictatorship in your own words?​

Answers

Answer:

a country government by someone who dictates

What were the standards of ethics or morality in the Catholic Church before the Reformation?
Please give answer correctly to this question
I will like and support him or her
will follow to
Plz want answer fast

Answers

Answer:

Catholics believe that the strict morality of the church helps followers live in compliance with God's will and attain salvation in heaven. From the laity to the clergy, every member of the Catholic Church tries to follow a prescribed moral standard and seeks to avoid living a life of sin. This morality comes partly from the Bible, but also from theologians, philosophers and the papacy.

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Explanation:

Nepal exhibits unity in diversity at cultural level​

Answers

Answer:

Nepal is a multi-cultural, multi-racial, multi-linguistic and multi-ethnic country.It is a country with Indigenous Nationality. Nepal can be regarded as a culturally rich country. It has been a home to people of different ethnic groups, religion, culture etc. It consists of different language and culture which has been creating a rich and unique culture. The national identity of Nepal has been dependent on the cultural and ethnic diversity. The unity in diversity of Nepal has been considered as a important national heritage which has to be maintained and strengthened. The concept of unity in diversity was accepted by the state after the unification of Nepal by the late King Prithvi Narayan Shah. There is a saying in Nepali  which means that (Nepal is a home to the people of 4 castes and 36 sub-castes).

With the advancement of the modern society these words have been retain in the society as tolerance, peace and harmony. Although Nepal has been a Hindu state for 2 centuries, it has been offering equality and inclusion of every caste, ethnic group, religion, dialect, culture, and belief. People residing in Nepal have been speaking 126 language. Nepal is a multi-religious country in the world so different ethnic groups live with their own way of religious practice, lifestyle, language, culture, tradition and spirit. Nepal has number of a religious groups, they have been living in peace and harmony. There is not any record of religious conflict in Nepal. All Nepalese have respected the national feeling of unity in diversity. People of Nepal consider Diversity as their identity and unity as their special which have been maintaining the peace in the country. Similarly, willingness to accept feelings, habits, or beliefs that are different from your own is known as tolerance. It is a fair, objective, and permissive attitude toward opinions, beliefs, and practices that differ from one’s own.

Explanation:

What do you have to do become a good primary school teacher

Answers

First have to be good with kid’s, have a lot of patience, be creative, volunteer at schools, go to college, pick your degree, then apply at local schools for a year till you want to move up.
Be good with kids and have a lot of humor

define gross domestic product?

Answers

Answer:

The total value of goods produced and services provided in a country during one year is called gross domestic product.

Hope it helps you.
the total value of goods produced and services provided in a country during one year

How to promote industrial development in South Africa

Answers

Answer:

There is plenty of ambition in Africa to industrialise, for good reasons. Manufacturing is probably the only proven development model so far that has helped to bring jobs, export revenues and rapid and sustained prosperity to a range of (mainly Asian) poorer countries.

But unless African countries get down to the messy and laborious task of actively promoting manufacturing through targeted infrastructure, skills development, financial policy, making quality connections with agriculture and services in partnership with the private sector, and preparing for a more digital future, significant industrial capacity may never take hold in Africa. The window of opportunity is closing.

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A plan of action taken by the government to achieve a goal is a….

-regulation

-service

-policy

-guarantee

Answers

Explanation:

A plan of action taken by the government to achieve a goal is a policy

It’s policy.
Hope it helps! If it is, Brainliest please!

How old was Kathyrn Johnson when she became the first girl to play Little League Baseball in the 1950's?

Answers

Answer:

Kathyrn johnson was twelve years old when she became the first girl to play Little League Baseball in the 1950's

Discrimination against any client Question 25 options: a) is ethical if there is a good reason to discriminate b) is usually a blatant act by the therapist c) often does not exist in the mind of the therapist accused of discrimination d) is sometimes ethical

Answers

Answer:

b :)

Explanation:

what are sand dunes

if you answered this question first you will be marked as the brainliest and I will also follow you ! ​

Answers

Explanation:

A dune is a mound of sand formed by the wind, usually along the beach or in a desert. Dunes form when wind blows sand into a sheltered area behind an obstacle. Dunes grow as grains of sand accumulate. Every dune has a windward side and a slipface

Answer:

A sand dune is a hill or ridge beyond the reach of the tides, formed from sand sized particles, and may consist of quartz, calcium carbonate, snow, gypsum, or other materials. The upwind/upstream/up-current side of the dune is called the stoss side; the downflow side is called the lee side. Sand is pushed (creep) or bounces ( saltation) up the stoss side, and slides down the lee side.over many years.  Dunes usually form in bands parallel to the beach, getting taller and more chaotic the further away you get.  

Traveling further from the beach towards the back of the dunes the vegetation starts to change. Over time, the whole system grows while shifting closer to the sea, and if you look at the dunes, you can see each ridge going through the different vegetation phases in turn.

Dune systems can also shrink as a consequence of storm events, rising sea levels or an interruption to the supply of sand.

Explanation:

By their very nature, sand dunes are constantly on the move and change throughout the year. The plants adapt and change along with the moving sand. Eventually, the sand becomes fixed into place and more stable, and organic matter builds up when the plants die and decay.

Which of the following is not a feature of the Constitution of 1789?

Question 2 options:

republicanism


divided powers


libertarianism


adaptability

Answers

Answer:

Option no. 2 republicanism

Which constitution has a Supremacy Clause?

Alaska
United States
Florida
New York

Answers

Answer:

United States

Explanation:

Please help me (15 points)

Answers

Ural mountains i think
Ural Mountains because it is up north a spec

If you are in South Africa and you started travelling in east direction which continent would you get to first?

Answers

Australia

Answer:

because u are traveling only in the east direction you will get Australia but if you say north east u can say Asia but the question say east so it's Australia

Define the concept "risky behaviour" and explain two factors why it is important for youths to investigate and be knowledgeable about it.​

Answers

Answer:

Risk behaviour or risky behaviour is simply behaviour that runs the risk of the person and/or those around them being hurt or damaged physically, socially or emotionally. Teenagers investigating it? ... That may help them evaluate the wisdom of taking up the particular behaviours.

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Examine the impact of risky behaviour on different spheres of well-being (social, emotional, physical and spiritual)​

Answers

Socially, financially risky behaviours can be beneficial or not, depending on success.

Physically risky behaviours like skydiving can impress people and provide opportunities for lively conversations and a connection to more adventurous people. Violent, unhealthy or illegal, risky behaviours can alienate people.

Emotionally, risky behaviour can be a catalyst for a person to seek help. If the risks pay off the behaviour can boost confidence. If it doesn't, it can reinforce poor self esteem.

Physically, risky behaviours can destroy or erode health. They can also be beneficial cardiocvascular health. It depends of the type of behaviour and whether or not the risk results in success or failure.

Spiritually? That's anyone's guess. Some spiritual beliefs systems reward taking a leap of faith. Others espouse modesty and humility.

Risky behavior means any consciously or unconsciously controlled behavior that have a potential negative consequences as well as perceived positive consequences from such person.

Activities like having unprotected sexual activity, smoking, alcohol abuse, binge drinking are all consequence of risky behavior.

• Socially, risky behavior may involve activities like sky diving, taking of hard drugs. This behavior boosts social confidence and esteem.

• Emotionally, risky behavior makes individual to do what ought to be done. Successful act of this behavior lead to high self esteem

• Physically, risky behavior involves act that can destroy or harm the health. That is, this behavior in most time involves activities that harms the body.

• Spiritually, risky behavior like smoking, binge drinking has a direct relation which loss of faith with the spiritual being. This behavior widens the gap between the creator and human being.

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St Thomas Aquinas, contradicting the ancient concepts of Aristotle, attempted to reconcile Faith and Reason.


TRUE OR FALSE

Answers

FALSE, I'd like brainly, but it rlly isn't a hard question so save it for someone else lol

What was the basic distinction between the federalists and the anti-federalists

Answers

Answer:

The Constitution is one of the most influential documents in American history. It outlines the government under which we live and details the rights each of us has. Despite its importance today, however, the Constitution was almost not implemented at all. In fact, when it was sent to the states after being drafted during the Constitutional Convention of 1787, many initially refused to ratify it.

Explanation:

Thus began a contentious debate between those who supported the new Constitution and believed it was an improvement over the previous governing document, the Articles of Confederation, and those who opposed it and worried about the heightened powers it gave to the federal government.

How is Thomas Jefferson a revolutionary thinker

Answers

Thomas Jefferson invented the light bulb which was a very revolutionary invention. Not only had it impacted many lives when he was alive, but also it impacts our lives still today, making it an extremely revolutionary invention

True or False: When you see a yield sign, slow down, stop if necessary, and give the right-of-way to other traffic and pedestrians. In contrast, a stop sign requires each driver to stop completely before proceeding, even if no other traffic is present.

Choose one
True
False

Answers

this answer is true
Answer:false
Hope this helped

3 disadvantages of tertiary industries

Answers

Answer:

i)Long-term problems include inadequate investment in deteriorating infrastructure.

ii) rapidly rising medical and pension costs of an aging population.

iii)sizable trade and budget deficits.

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