"There is no such thing as a free lunch" is a famous economic expression that means everything has a cost. In 1 or 2 sentences, describe how this expression relates to opportunity cost.
The correct answer is: "everything has a cost, if not a explicit one at least a opportunity cost".
The opportunity cost has to be considered when making a decision. It is defined as the value of the best alternative rejected when choosing a certain option. This concept shows that every good/service, even when it is consumed at a zero price, entails a cost. For example, there is a free concert in the street, but the time spent on its consumption is a resource that could be dedicated to an alternative activity that has a value and such value is the opportunity cost.
The phrase 'There is no such thing as a free lunch' pertains to opportunity cost, implying that every decision involves a trade-off because using resources one way means giving up the opportunity to use them in another way.
Explanation:The phrase 'There is no such thing as a free lunch' illustrates the concept of opportunity cost. Opportunity cost refers to the potential benefit that one misses out on when choosing one alternative over another. If one spends their time or resources on one thing, they are sacrificing the ability to spend it on something else. In other words, every decision comes with a cost - even if it's not immediately apparent. Hence, regardless of the choice made, something has been given up - there's no 'free lunch'.
Learn more about Opportunity Cost here:https://brainly.com/question/32971162
#SPJ6
How did geography affect both Napoleon’s invasion and Hitler’s invasion of Russia?
Which statement best describes how the cotton gin affected cotton farming?
The cotton gin dramatically decreased cotton production.The cotton gin enabled farmers to grow better cotton.
The cotton gin required farmers to use more enslaved laborers.
The cotton gin dramatically increased cotton production.
In what direction would an ancient Mesopotamia travel to get Nineveh from Nuzi ?
The correct answer to this open question is the following.
The direction that an ancient Mesopotamia travel to get Nineveh from Nuzi is "North."
If we see the map of ancient Mesopotamia, we can see the many powerful city-states it had across the Sumerian territory that was first established between the Tigris and Euphrates Rivers and spread from there to other regions. We can see in the map the important city.states of Nippur, Kish, Lagash, Ur, Uruk, Eridu, and Larsa.
Nuzi was located in the North part of Mesopotamia, close to the Lower Zab River. If people wanted to travel to Nineveh from Nuzi, they had to travel north, crossing Assur and Nimrud. Nineveh was located south Khorsabad.
Before the Civil War, Philadelphia was a center of
fishing and shipping.
trade and banking.
industrial mills.
shipyards and manufacturing.
Answer:
Before the Civil War, Philadelphia was a center of shipyards and manufacturing.
Explanation:
At the beginning of the 19th century, Philadelphia experienced an important economic growth thanks to its agricultural and mining wealth; the construction of routes, canals and railroads allowed the city to maintain its privileged position in the industrial revolution. The textile industry, the confection, the metallurgy, the manufacture of paper and of railway material, the naval construction in the shipyards and the agricultural industry were the main industries of the 19th century. Philadelphia was at the same time a financial center of prime importance. During the Civil War, the factories of the city supplied the armies of the Union.
What caused Jefferson and his party to change their approach to governing, what reservations did they have about what they were doing, and how were they able to rationalize this apparent change in program and philosophy?
why was the Bessemer process so important
Answer:
It allowed steel to be produced at a reasonable cost
Explanation:
I studied this and had a test on k12 with this question and i got it correct so yeah... hope i helped! :D
In the 1960 presidential campaign richard nixon faced charges of national corruption ch 29
a. True
b. False
Discuss the Roman division of social classes. How did Rome attempt to reconcile these differences in law and culture? What problems did these divisions cause? How could Rome have stopped these problems?
To what city would you travel to see the oldest permanent european settlement in the americas?
The answer is Santo Domingo. It is the oldest permanent European settlement in the Americas.
EXPLANATION
Santo Domingo is the capital of the Dominican Republic. Santo Domingo is located at the mouth of Ozama River, on the southeast coast of Hispaniola island. Santo Domingo is the oldest permanent Europian settlement city in the Western Hemisphere. Other than that, Santo Domingo is also known as the oldest Roman Catholic archbishopric that is located in America.
At first, Santo Domingo was founded by Bartholomew Colombus in 1496. Bartholomew Colombus was the brother of Christopher Colombus. When first was found, the original site of Santo Domingo was at the left bank of the Ozama River. It was first called Nueva Isabela to honor Queen Isabella I of Spain.
The place was then destroyed by a big hurricane. In 1502, the place was rebuilt and the present location is in the right bank of Ozama River. The place has become a starting point for most exploration and expeditions of the Spanish. The Spanish also do conquest on other islands of the adjacent mainland and West Indies.
Santo Domingo is the main commercial, financial, and industrial center of the country. The industrial development of the country is highly influenced by the construction of hydroelectric dams. The whole country's most important industry is metallurgy, and it is located in Santo Domingo. Santo Domingo’s economy has grown in the late 20th century because of their tourism.
LEARN MORE
If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:
European migrants: https://brainly.com/question/1630639
How did Spain's conquest of central Mexico and the Andes shape European competition in the Americas? https://brainly.com/question/4972263
KEYWORD: Santo Domingo, European settlement, America
Subject: History
Class: College
Subchapter: Santo Domingo
Please select the word from the list that best fits the definition The study of the stars and planets
Answer:
bilingual education
Explanation:
:D
The city of butte, montana has been designated a u.s. national historic landmark because of the area's historic connection with what industry?
The idea of total war existed in all countries involved in World War I. For example, countries used------- to determine how much food, rubber, gasoline, and other items each citizen could use during the war. In order to draft more soldiers into the military, many of the nations established a policy of mandatory------------- . Some countries also controlled public opinion during the war by using --------to prevent discouraging news from reaching the public
Answer:
The idea of total war existed in all countries involved in World War I. For example, countries used rationing to determine how much food, rubber, gasoline, and other items each citizen could use during the war. In order to draft more soldiers into the military, many of the nations established a policy of mandatory conscription. Some countries also controlled public opinion during the war by using censorship to prevent discouraging news from reaching the public.
Explanation:
Rationing was a constant in all warring countries, especially the European countries, which were being destroyed by the conflict. The objective of rationing was to avoid the total shortage of products and to enable the government to control resources. Compulsory recruitment became a rule in Europe during the First World War. With compulsory recruitment, men were required to enlist in the army of their country and ensure that the country had enough soldiers. All warring countries create propaganda and censorship offices. To reinforce national sentiment, to demonize the enemy, to raise the morale of troops and civilians with permanent "brainwashing": in connection with censorship, propaganda had a formidable development in World War I, becoming a real strategic weapon.Which raw materials had to be shipped to the construction sites in large quantities because they were essential for building the railroad tracks?
Answer:
iron and wood
Explanation:
What was one way Ivan III and Ivan IV strengthened their authoritarian rule
Charles Schenck was an officer of an antiwar political group who was arrested for alleged violations of the Espionage Act of 1917, which made active opposition to the war a crime. He had urged thousands of young men called to service by the draft act to resist and to avoid induction. The court limited free speech in time of war, stating that Schenck's words, under the circumstances, presented a "clear and present danger....."
Part A Although later decisions modified the Supreme Court ruling in the Schenck case, it established a precedent of which of the following principles?
A) It established the principle of popular sovereignty.
B) It established the principle of separation of church and state.
C) It established the principle of limited government.
D) It established the principle that rights are not absolute.
Part B The "clear and present danger" ruling is an example of which of the following conflicts during a time of war?
A) State power and federal power
B) Law enforcement and criminal suspects
C) Governmental power and free speech
D) Establishment Clause and Free Exercise Clause
The Hyksos came to Egypt from ___1__. They conquered __2___ Egypt and ruled for many years. After forcing out the Hyksos, Egypt was reunited. This event set the stage for the ___3___ Kingdom.
1.
A.Mesopotamia
B.Europe
C. West Africa
2.
A. Upper
B. Lower
3.
A. Old
B. New
C. Ptolemaic
Answer:
The answers are:
1. A): Mesopotamia
2. B): Lower
3. B): New
Explanation:
The Hyksos came to Egypt from the part of Western Asia that was called Mesopotamia; they invaded Egypt and settled in Lower Egypt, but were later forced out by Ahmose who drove the Hyksos out of Egypt, reunited the Egyptians, and founded the New kingdom of Egypt.
The most powerful earthquake ever recorded at 9.5 on the Richter scale occurred in Haiti in 2010, Chile in 2010, Chile in 1960, or Japan?
mark each statement if it correctly describes what happen during qins rule
Answer:
It was built to protect Qin's empire from foreign invasion.
Explanation:
which item did the stamp act say that the colonists were supposed to buy a British stamp for
A. every sheet of paper
B. every document
C. every playing card
D. all of the above
♡ The Question/Task(s)! ♡
-Which item did the stamp act say that the colonists were supposed to buy a British stamp for?
*୨୧ ┈┈┈┈┈┈┈┈┈ ୨୧*
♡ The Answer(s)! ♡
-The answer is D. All of the above!
I apologize in advance if this answer is incorrect! ♡
*୨୧ ┈┈┈┈┈┈┈┈┈ ୨୧*
♡ The Explanation(s)/Step-By-Step! ♡
-The colonists had to pay a tax on printed materials just like the paper, documents, and playing card. The colonists had to purchase paper from Britain with a stamp on it to show they paid the tax!
*୨୧ ┈┈┈┈┈┈┈┈┈ ୨୧*
♡ Tip(s)! ♡
-No Tips Provided!
Answer:
D. all of the above
Explanation:
DID THE TEST ( THE BOSTON MASSACRE)
The acronym M.A.D. stood for _____. Mutually Agreed Disaster Mutually Assured Destruction Mutually Agreed Destruction Mutually Assured Disaster
Answer:
Mutually Assured Destruction
Explanation:
What effect did the Crusades have on trade?
Trade throughout the Mediterranean was destroyed.
Trading cities became more important.
Italian merchants saw their fortunes ruined.
Europeans began to sell their own spices.
The correct answer is B) trading cities became more important.
The effect that the Crusades had on trade was that trading cities became more important.
Trade was key during the Crusades. People needed products to be supplied in different war fronts and many cities became important centers of trade. Crusades found new products in the Middle East that later were brought to West Europe and people started to demand them. Muslim people also traded carpets, compasses, and different kind of textiles that when were known in Europe, were totally accepted and trade increased more.
Which of the following was an achievement of progressive reformers such as Jane Addams?
A: The creation of the Children's Bureau, a federal agency
B: The building of more tenement houses in New York City
C: The creation of a 10-hour work day for children
D: The building of public transportation in Chicago
The correct answer is (A): The creation of the Children's Bureau, a federal agency.
Progressive reformers such as Jane Addams were instrumental in advocating for social reforms in the late 19th and early 20th centuries. Jane Addams, in particular, is known for her work in settlement houses, which provided support and services to the urban poor. One of her significant achievements was her involvement in the establishment of the Children's Bureau in 1912. The Children's Bureau was the first federal agency in the United States focused solely on improving the lives of children and their families.
Let's examine the other options to understand why they are not the correct answers:
B: The building of more tenement houses in New York City - Progressive reformers actually fought against the spread of tenement housing due to its association with poor living conditions. They advocated for housing reforms to improve living conditions, not for the construction of more tenements.
C: The creation of a 10-hour work day for children - While progressive reformers did advocate for labour reforms, including limiting the work hours for children, the specific achievement of a 10-hour workday for children was not a standalone accomplishment attributed to reformers like Jane Addams. They pushed for broader child labor laws that aimed to regulate and reduce child labor.
D: The building of public transportation in Chicago - While improved public transportation was a concern for progressive reformers as part of their efforts to improve urban living conditions, the building of public transportation in Chicago was a broader civic improvement effort that involved many stakeholders, including city planners and business interests, and was not specifically an achievement of progressive reformers like Jane Addams.
Therefore, the most accurate answer that reflects an achievement of progressive reformers such as Jane Addams is A: The creation of the Children's Bureau, a federal agency. This agency was a direct result of the efforts of Addams and other reformers to address issues of child welfare and advocate for policies that would protect children's rights and well-being.
What conclusion does this Christian-themed crown from medieval Ethiopia support? A photograph features an Ethiopian crown decorated with Christian symbols. A. Islam never spread to Axum and Ethiopia due to its many geographical barriers. B. Christianity played a major cultural and political role in Axum and Ethiopia. C. The rulers of the region forced Christianity on a mainly Muslim population. D. Christianity played a major economic role in Axum and Ethiopia.
which reference material helps you learn the etymology, or history, of a word
dictionary would be the answer
What are the three possible causes of the 767's fuel pump alarm answer?
Identify the examples of what harvard president larry summers was suggesting in his much-criticized 2005 speech about men and women in science and engineering.
In his 2005 speech, Larry Summers suggested innate differences might explain why fewer women succeed in science and engineering. Historical and current examples like the Harvard Computers and the gender gap in STEM fields due to stereotypes support this suggestion.
Explanation:In his controversial 2005 speech, Harvard President Larry Summers suggested that innate differences between men and women might be one reason why fewer women succeed in science and engineering fields. This suggestion provoked much criticism. His remarks can be understood within a broader historical and social context.
For example, the case of Harvard Computers in the late 1800s illustrates how educated women were undervalued in scientific professions. They were hired for one-fourth the salary of men and endured conditions that men would not tolerate.
Another example can be seen today in the STEM field where gender stereotyping persists, causing a significant gap between men and women. This stereotype presents men as the keepers of technological knowledge while women are subordinated.
Further, examples like that of Anita Hill show that women who venture into professions dominated by men often experience forms of harassment, causing further discouragement.
Learn more about Gender Differences in Science and Engineering here:https://brainly.com/question/34237841
#SPJ12
The economic exploitation of the far west after the civil war relied heavily on
England and France established early colonies in A. the West Coast. B. South America. C. far North America. D. Central America.
dont answer if your not sure
England and France established early colonies in North America, with England along the east coast and France primarily in Canada. Both engaged in trade and sought to expand their territories, influenced by economic prospects and land needs. Correct option is c).
England and France established early colonies in North America. This region was dominated by English settlements along the east coast and French settlements primarily in what is now Canada. Both nations sought to expand their territories and tap into the lucrative fur trade, among other resources. Whereas England started with permanent settlements such as Jamestown in 1607 and Plymouth in 1620, France claimed Canadian territories such as Quebec, founded by Samuel de Champlain in the seventeenth century.
The English colonies developed into a mix of agricultural plantations and trading posts, especially along the Atlantic coast. Over time, English colonization was influenced by various factors, including the economic drive for new markets and the need for land for England's growing population. Similarly, the French focused on trading, particularly in furs, creating relationships with native peoples, that helped them in their economic ventures in North America.
Which explains the authors purpose for using irony in charles?
To show the parents do not always see their children accurately