Discuss the items you would include to figure out the opportunity cost of a vacation to Northern Pakistan?

Q: How does the global economy affect organizations and processes?

A: By the global economy one can refer it as the process by which people, and one's culture, money,…

Q: Production Alternative Types of Production A В C E Robots 250 450 650 850 Wheat 130 117 109 89 What…

A: As wants and desires of the residents of the economy or the society are unlimited but the resources…

Q: How has technology flattened the world in terms of providing economic opportunity?

A: Technology has flattened the world.It has increased economic opportunities around the…

Q: How should the Philippines integrate itself into sustainability?

A: Summary- The objective of the Philippine procedure for the practical turn of events (PSSD) is to…

Q: All people in any country can get resouces that will make their lives better or have to have to…

A: Resources are the factors that are used to produce or manufacture goods and services.

Q: In your own words explain how the world's economy work.

A: World economy is aggregation of all economies across the world. The globalization is key factor…

Q: e production possibilities

A: (a) The production possibility curve as follows.

Q: What does the Third World country mean to the subjects of Economics?

A: In economics developing countries are known as third world country.

Q: Why we study economics

A: All the more extensively, an economics degree sets you up for vocations that require mathematical,…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: Timothy quits his job which pays $65 900 a year to enrol in a 2-year graduate program. His annual…

A: Opportunity cost measures the trade-off between two goods.

Q: Sub-Saharan Africa includes some of the poorest nations in the world. What would you say is the…

A: The reasons that Sub- Saharan Africa includes some of the poorest nations in the world are…

Q: Economics..

A: The workforce or labour force is a concept referring to the pool of human beings either in…

Q: You can either spend spring break working at home for $80 per day or go to Florida for the week.  If…

A: Opportunity Cost is the cost of next best alternative. Opportunity Cost is when in making a decision…

Q: trade-offs

A: a. Trade off describes a psychological situation in which a person gets confused while producing one…

Q: What are economic issues?

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: educational institutions help further in the preservation of our history and culture?

A: Culture: The qualities and knowledge of a particular group of people comprising language, religion,…

Q: Write a positive statement and a normative statement about your favorite hobby.

A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…

Q: what is cultural and social relation in contemporary world

A: The field of social/cultural studies examines how society and culture influence daily living. The…

Q: What is the role of science and technology in our society?

A: The essence of how science and technology contributes to society is that the creation of recent…

Q: You plan to travel in Europe this summer. If you do, you won't be able to take your usual summer job…

A: Answer: Introduction:  Opportunity cost refers to the cost of the next best alternative forgone to…

Q: Prices and wages help coordinate economic activities. Why?

A: Economic activity is the process by which people purchase or sell goods and services to meet their…

Q: attending summer school cost 2,200. If you worked, you could earn 7,000. What is the opportunity…

A: Opportunity Cost:The opportunity cost of using a commodity or activity is equal to the value or cost…

Q: (Opportunity Cost) You can spend spring break either working at home for $80 per day for five days…

A: When it comes to evaluating a company's capital structure, opportunity cost analysis is vital. In…

Q: Which economic system does a better job improving living conditions for the poor, capitalism or…

A: The system through which governments or society organizes and distributes the availability of…

Q: Write a 5 sentences essay about the socio-economic issues that the country (Philippine) is…

A: The challenges that socioeconomics addresses, as well as the elements that have a detrimental impact…

Q: opportunity cost

A: Opportunity cost: It refers to the cost which is to be occur by the company for choosing the next…

Q: Production Possibilities Frontier

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: What is the opportunity cost of working on the weekends?

A: Opportunity cost is the net best alternative forgone when making a decision between choices.

Q: What items would you include to figure out the opportunity cost of a vacation to Goa?

A: An opportunity cost is the cost that is likely to have an important place in an economy. The…

Q: What is the best economic system?

A: Capitalism is an economic system in which the production and distribution are privately owned, the…

Q: Production Alternative Types of Production А В C D E Robots 250 450 650 850 Wheat 130 117 109 89…

A: Scarcity refers to the basic economic problem where the resources to produce the goods are limited…

Q: International relations: How different might the United Nations look if we were writing the Charter…

A: The Charter states that the United Nations' goal is to "keep international peace and security." to…

Q: the benefits of adopting the new technologies

A:

Q: What are the best institutions for achieving economic goals?

A: An institution is a social structure in which people tend to cooperate and also influencing the…

Q: Timothy quits his job,which pays $87000 a year ,to enroll in a 3 years graduate program. His annual…

A: Opportunity cost is the forgone benefit that would have been derived from the next best alternative.…

Q: my friend lives in an apartment building. The neighbour smokes, and my friend can smell it. It…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: How many sectors of economy are there?

A: Economy: It is the system of organizing money, industry, and trade of a country or region.

Q: What is Economic community?

A: Economic community: When countries around the world are regional ones or in a certain cluster form…

Q: What is the Opportunity cost of farming ?

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…

Q: How are the natural and technological environments linked?

A: Natural environment includes all the living and non-living things that are occurring naturally.…

Q: What is the opportunity cost of going to college?

A: Opportunity cost is the next best alternative foregone. Opportunity cost=sacrifice/gain.

Q: Types of Production A E Sandals 10 12 14 16 Boots 50 40 30 20 What is the opportunity cost of moving…

A: At point A, 0 sandals and 50 boots has been produced At point B, 10 sandals and 40 boots has been…