"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.

Answers

Answer 1

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.

Answer 2
Final answer:

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'.

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Related Questions

Anti-federalist timothy bloodworth of north carolina feared that the national government described in the proposed constitution would:

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He believed that the new constitution would overwhelm the states in the US. He also believed that the new constitution will make sure that the Northern states will take power.  He believed that the new government will allow other colonizers to enter the American shores, which is similar to the Jay-Gardoquie Treaty.

Answer:

I think its C sorry if im wrong

Explanation:

How did events in Jackson’s presidency reflect conflict between federal and state authority

Answers

South Carolina felt it had the right to nullify a federal law because it wad unfair. Jackson had supported state's rights, but in this case he responded with threats of military actions if South Carolina tried to secede because Jackson wanted to keep the Union together. i found i on this https://answers.yahoo.com/question/index?qid=20151104110740AAszs9X

The Nullification Crisis was one of the main events of Jackson’s presidency that reflected the conflict between federal and state authority. The Nullification Crisis was an explicit confrontation between the state of South Carolina and the federal government, the State rejected the federal Tariffs of 1828 and 1832 and declared it null and void.

The Crisis ended with a proclamation issued by President Andrew Jackson that asserted that the federal government had the supremacy.

how did states keep their african american residents disenfranchised following the civil war?

Answers

Using voting restricted laws like the Jim Crow laws and segregation.

From 1868 through the middle of the 1870s, white supremacist paramilitary groups affiliated with Southern Democrats repressed blacks and prevented them from exercising their civil and political rights in elections by intimidation and violence.

What civil war means?

The American Civil War, commonly referred to by other names, lasted from April 12, 1861, until May 26, 1865. The Union ("the North") and the Confederacy ("the South"), the latter of which was made up of seceding states, engaged in combat. The conflict over whether to allow slavery to spread into the western regions, creating additional slave states, or forbid it from doing so, which was widely considered to put slavery on the path to eventual extinction, was the main driver of the war.

Although the war's Eastern Theater was left unresolved, the Union won substantial long-term advances during the years 1861–1862. On January 1, 1863, the elimination of slavery was declared a military objective.

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Which amendment protects unenumerated rights such as voting rights?

Answers

the ninth amendment of the constitution

Answer:

the Ninth Amendment

Explanation:

Edge 2021

Which of the following crippling strikes ended successfully for the union during the many strikes that hit the U.S during 1919?

A) United Mine workers
B) Boston police officers
C) United States steel
D) Pullman car

Answers

The correct answer for this question would be letter A) United Mine workers or the first option.

Correct answer choice is:


A.United Mine Workers


Explanation:


The United Mineworkers of America may be an organization that began in 1890 by characterizing the requirements of miners, and alternative staff, inside the mines. The union used negotiation as a tool to attain its goals and enforced strikes once necessary. The first efforts of the United Mineworkers were to enlighten spiritually the matter of active metabolic process diseases within the coal fields.

What was the key issue that prompted the eu to take the helms-burton dispute to the wto?

Answers

The Helms-Burton Act punishes other countries for interaction with Cuba following the downing of two planes carrying members of anti-Castro organizations in the US. The Act opens up members of other countries to lawsuits and other problems for interaction with Cuba. The EU brought this issue to the WTO because they feel the US is exercising excessive control over interactions between other countries by controlling access with Cuba.
Final answer:

The EU took the Helms-Burton dispute to the WTO because it saw the Helms-Burton Act, which enables US citizens to sue foreign companies profiting from nationalized Cuban properties, as a violation of international law. The EU utilized the WTO's dispute settlement process to handle this issue, demonstrating the WTO's vital role in enforcing global trade rules.

Explanation:

The key issue that prompted the EU to take the Helms-Burton dispute to the WTO was related to the principles of international trade and investment. The Helms-Burton Act, passed by the US, allowed American citizens to sue foreign companies that were profiting from properties which had been nationalized when Cuba went through its revolution. The EU viewed this as an extraterritorial application of domestic US law, and thus a violation of international law.

Dispute settlement is a crucial aspect of the WTO's function, providing a framework for member countries to resolve conflicts. In the case of the Helms-Burton dispute, the EU made use of the WTO's dispute settlement process, handling it as an issue related to both trade (as the Act could be understood as a non-tariff barrier) and dispute settlement.

The EU's decision to raise the Helms-Burton dispute at the WTO is a clear demonstration of WTO's power and its utility as an arbiter and enforcer of global trade rules, handling a diverse range of issues from tariffs and non-tariff barriers to intellectual property rights, services, agriculture and textiles.

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who expressed the idea of individualism better than anyone else

Answers

Horatio Alger expressed the idea of individualism better than anyone else.

What was the most significant impact of the war of 1812?

Answers



The historical significance of the War in 1812 was that it helped the people of America have a strong nationalism for their country, despite the second failed American attempt to forcibly annex the territory known as Canada. 

Ironically, that attempt at invasion, and Canadians' successful defeat of the invasion, was crucial in igniting a discussion of nationhood between the very separate French- and English-speaking cultures that led to the creation of Canada as a country.

Four men—Andrew Jackson, John Quincy Adams, James Monroe, and William Henry Harrison—were elected president as a result of the War of 1812, which gave birth to a new generation of outstanding American generals, including Andrew Jackson, Jacob Brown, and Winfield Scott.

What are two important results of the War of 1812?

The Adams-Onis Treaty of 1819 allowed the United States to buy Florida from Spain. The Monroe Doctrine, which was established in 1823, effectively informed European powers that they could not expand into the Western Hemisphere. Additionally, it assisted in setting the United States on a path of internal expansion.

The Federalist political party's demise was the War of 1812's greatest legacy. The group, which was dominated by northern bankers and businessmen, had spearheaded opposition to the war. Many Americans considered these efforts to be unpatriotic.

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In what state was the first penitentiary opened? criminal justice quiz

Answers

the answer would be Pennsylvania.
Final answer:

The first penitentiary in the United States was opened in Pennsylvania as a result of 19th-century prison reforms aimed at transforming criminals into law-abiding citizens through rehabilitation.

Explanation:

The first penitentiary in the United States was opened in the state of Pennsylvania. This was part of a broader prison reform movement that took place during the 19th century. Reformers believed that individuals, including criminals and debtors, could be reformed and morally redeemed through methods such as hard work, religious instruction, and isolation from societal vices. Prominent individuals like Dorothea Lynde Dix were instrumental in advocating for changes in the treatment of the mentally ill and the establishment of state mental asylums. The aim of such penitentiary reforms was to transform criminals into law-abiding citizens and also to promote more humane treatment for the mentally ill. It represented a significant shift from the punitive practices of the past to a more rehabilitative approach to justice.

what were the major empires in europe prior to world war 1 and why did nationalism threaten the stability of europe

Answers

1. The major empires in Europe before the World War I are the following:
Britain, France, Italy, Germany, Austria-Hungaria, and Russia.  These countries aimed to colonize a big portion of the world. They conquer cities and countries and put them under their power.

2. Nationalism had threatened the stability in Europe because it gave the citizens a sense of belongingness to their country. Nationalism had led people to rebel against their colonizers and stage wars to acquire independence from these imperial states.

The major Empires in Europe were:

The Russian Empire, which was controlled by Emperor Nicholas II. This country had no colonies or territories but was huge and extended from the Baltic and Black Sea all the way to the Pacific Sea. It was a very poor nation.

The British Empire, which was controlled by King George V. This Empire extended over the world, and governed territories such as Canada, New Zealand and Australia. It also governed the Island of Ireland and a huge African territory, including the states of Sudan and Egypt.

The German Empire, which was the newborn empire in Europe, and was established in 1871 when Prussia won the war against France, in the Franco-Prussian War (1870-1871), and announced the German Empire with a Kaiser as its monarch, fusing all German states.

France was also a empire between 1852 and 1870, but afterwards it became a republic controlled by a President; it governed an immense colonial empire extending over most of North Africa, it had a colony in South America, and some island colonies in southeast Asia.

The unification between Austria nd Hungary led into the Austria- Hungary Empire. This empire had a lot of ethnic groups who wanted more self- government or independence. Emperor Franz Joseph II, which rule this empire, was uncertain on giving them the independence they were claiming as it may have cost him the unity of his country.

There were some other Colonial Empires in Europe, but they did not have  significant power and did not controlled as much land or colonies; some of these Colonial Empires were the Belgian, Italian, Dutch, Spanish, Danish, and Portuguese.

Nationalism threatened the stability of Europe because the rising nationalism in Europe was a vital, unrevealed cause of World War I. European countries at the end of the 19th century, frequently incorporated diverse nations in many countries; with this, one powerful national group controlled the smaller minority nations. For example Russia included many different minority nations such as Lithuanians, Estonians, Ukrainians, among others. Nationalism grew as a result of the current knowledge about equality, democracy ad freedom.

People began to relate with their nation, rather than their country, or their king. The concept was born to recognize that each nationality should form its own state, and that a nation may be described as a community that shares common traditions, common culture and a common native land. European nationalism was born out of the wish of some communities to declare their independence from Europe's imperial states.  


when government officials or Congress can make choices about how to spend federal money, it is called ? A. expansionary spending B. discretionary spending C. mandatory spending D. contractionary spending

Answers

The answer is B I’m not very sure

Answer:

b

Explanation:

During the late 19th century, urban political "machines" and those that ran them

Answers

During the late 19th century, urban political "machines" and those that ran them by electing candidates through bribery and illegal methods.

Further Explanations:

Political machines meansa group of politicians with authorities’ chief who supports businesses and corps, so as to receive favor for their supports. These groups supported hierarchy and rewards in coming back for their political favors. They took bribes and even practice illegal methods for recruiting the candidate to the office. In the United States, political machines were also known as Clientelism

Progressive Era was political reforms in the United States that reigns from the 1890s to 1920s with motive to remove the hurdles that were coming in the way of urbanization, Immigration, and Industrialization. The movement targeted the political machines the most, by taking down the corrupt officials so as to establish direct democracy. They sought control of monopolies and corporations through antitrust law and were able to promote uniform competition for more legitimate competitor. Woodrow Wilson, Theodore Roosevelt, Grace Abbott, and William Jennings Bryan were some of the most influential commanders of the Progressive era who were against these political machines.

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Answer Details

Grade:High School

Subject: History

Chapter: Political Machine

Keywords:Political machines,  United States, Clientelism, Progressive Era, political reforms, urbanization, Immigration, Industrialization, direct democracy, Antitrust law, legitimate competitor, Woodrow Wilson, Theodore Roosevelt, Grace Abbott, and William Jennings Bryan

Which best describes interest groups in the early to mid 1800s

Answers

interest groups are the groups that attempt to influence public policy. Their purpose is to shape public policy, bring awareness, and represent shared attitudes. Some could include anti/pro slavery groups and religious groups

How did the Roman patricians respond when the plebeians seceded from Rome in 494 BC?

Answers

They created the office of the plebian tribune.

the answer is... They came up with a system to allow plebeians to have a voice in government.

Hope this helps!

which of the following best describes the reaction of congress to president trumans proposals regarding equal right?

Answers

His plans were met with strong opposition and this statement among the following statements given in the question best describes the reaction of Congress to President Truman's proposals regarding equal rights. The correct option among all the options that are given in the question is the last option.

in the 1800 how long did it take for ships to travel across Atlantic ocean

Answers

In the early 19th century sailing ships took about six weeks to cross the Atlantic. With adverse winds or bad weather the journey could take as long as fourteen weeks. i hope this helps
Ships in those days depended on sails to get around. That being said, they'd usually take anywhere from 8 to 12 weeks.

United states exports, foreign travel in the united states, and foreign capital inflow into the united states give rise to:

Answers

Open Economyan economy that interacts freely with other economies around the worldClosed Economyan economy that does not interact with other economies in the worldImportsgoods and services brought into a nation from another nationExportsGoods and services sold to other countriesBalance of Tradethe difference between a country's total exports and total importsCurrent AccountThat part of the balance of payments recording a nation's exports and imports of goods and services and transfer paymentsTrade DeficitAn excess of imports over exportsTrade Surpluswhen a country exports more than it importsCapital Accountthe measure of the buying and selling of assets between countries.Loadable Fundsis the sum total of all the money people and entities in an economy have decided to save and lend out to borrowers as an investment rather than use for personal consumption.Exchange RateThe measure of how much one currency is worth in relation to another.Appreciateto increase in value

The U.S. did not provide reconstruction aid to Vietnam as President Nixon had promised. Instead, President Ford extended to all of Vietnam.

1. Blockade
2. Trade
3. Embargo
4. Capitalism

Answers

I believe the correct answer is 3. embargo.
President Ford imposed an embargo on Vietnamese trade following the victory of communist North Vietnam over South Vietnam in 1975. This embargo (which are economic and trade sanctions) lasted until 1994, when President Clinton ended it.

Microsocieties of the aegean and south pacific were characterized by

Answers

Microsocieties of the Aegean were marked by advanced maritime cultures and early Greek civilization, whereas those of the South Pacific had strong indigenous traditions now influenced by Western culture and globalization.

The microsocieties of the Aegean and South Pacific were characterized by a strong maritime culture and the significant influence of external cultures through a process of globalization. In the Aegean Sea region, dominant cultures such as the Minoans and Cycladic, which eventually became part of Greek civilization, relied heavily on the sea for travel and trade. In the South Pacific, encompassing regions like Melanesia, Micronesia, and Polynesia, the indigenous cultural heritage was initially strong, but Western influence gradually made its way into the lives of the people.

Western culture has significantly affected the South Pacific, mainly through continued economic ties and political jurisdiction held by European and American entities. The result has been a shift toward Western trends such as fast food, pop music, clothing styles, and social customs, which often take precedence in media and entertainment, overshadowing the original indigenous cultures. Despite this, remnants of the traditional cultures continue to exist and are celebrated to this day.

Meanwhile, the ancient Aegean societies, like the Minoans and Cycladic, were interconnected with nearby regions and civilizations, contributing to the complex cultural and technological exchanges across the Mediterranean. The Aegean civilization was part and parcel of the broader social and economic networks of the time.

What was a result of the bank failures that followed the stock market crash in 1929?
A. Investors began to buy businesses directly.
B. Americans refused to work for publicly traded companies.
C. There wasn't enough money in circulation to support a healthy economy.
D. The stock market was closed for years.

Answers

I think the answer should be C. With 15 million people unemployed, there was not enough money circulating the economy.

Hope this Helps! :)
Final answer:

The result of the bank failures that followed the stock market crash in 1929 was that there wasn't enough money in circulation to support a healthy economy.

Explanation:

The result of the bank failures that followed the stock market crash in 1929 was C. There wasn't enough money in circulation to support a healthy economy.

The crash led to a severe economic downturn known as the Great Depression. Many banks failed, causing individuals to lose their savings. This lack of money in circulation contributed to the overall decline of the economy.

What issues led to the revolution

Answers

The American Revolution began in 1775 as an open conflict between the united thirteen colonies in North America and Great Britain. By theTreaty of Paris that ended the war in 1783, the colonies had won theirindependence. Many factors played arole in the colonists' desires to fight for their freedom.



Hope it helped
The British government decided to make the American colonies pay a large share of the war debt from the French and Indian War. Through the Sugar Act, Stamp Act, and other taxes, the British tried to collect taxes that the American people considered harsh.

.v.

Describe how and why the american revolution changed consumption of tea and coffee in america and in england.

Answers

The precursor to the American Revolution was what is known as the Boston Tea Party. This event was caused by colonists in America who were in an uproar over taxes on their tea supply and Britain rejecting their tea shipments. This led them to dump out large amounts of tea. Thus, these colonists began drinking more coffee and less tea, while in Britain, individuals drank more tea in order to show loyalty to their own country.

During the 1950s, an increase in the number of marriages and births fueled

Answers

During the 1950s, an increase in the number of marriages and births fueled a demand for housing.

People who was born in the 1950s were known as the baby boomers. The increasing number of marrieages and births in population of post-World War II  led to an increase in the demand for housing and gave rise to higher density cities.

By the 1970s, the United States economy had grown by leaps and bounds and was by far the largest economy in the world.

Answer: (C)

Explanation: a demand for housing.

Which of the following is true of the Toltecs?
a. They were the last great civilization that is part of the classical era.

b. They were the most powerful heir to Teotihuacan.

c. They ruled most of central Mexico for 400 years.

d. They were led by former members of the Zapotecs.

Answers

Answer:

c. They ruled most of central Mexico for 400 years.

Explanation:

The Toltec culture is one of the pre-Columbian cultures of Mesoamerica of the Postclassic Period. It is the expression of a Nahuatl people who dominated the northern Mexican highlands between the 10th and 12th centuries. Some of its main centers were Huapalcalco in Tulancingo and the city of Tollan-Xicocotitlan, located in what is now known as Tula de Allende (Hidalgo State, Mexico). This city is famous for its unique stone statues called Atlanteans.

They ruled most of Central Mexico for 400 years.  

One of the major characteristics that set the Toltecs apart from the Teotihuacan predecessors was that the Toltecs set a precedent of cultural flows that predominated later Meso- American settlements. The Toltecs believed in the concept of divine authority and believed that every activity that they would engage in required divine consent. The elements of Toltec culture, political structures, and modes of exchange were incorporated with the Aztec civilization, and the Aztecs built on what was left of the Toltecs. Understandably, the Teotihuacán was the preceding civilization of the Toltecs, and its archaeological structure and remains were understood to have resembled either a center of religious importance or the political capital of a state or empire. The architectural structure of the city featured a feathered serpent, which was also the main deity worshipped by the inhabitants of the city.

Further Explanation-

The city of Teotihuacan was one of the earliest urban centers that emerged in Central American province of Mexico. Archaeologists refer to the architectural layout as one of the most advanced of those times. Historians have put forward several theories to understand the features of the city. The city dwellers displayed a remarkable architectural feat in utilizing the geographical relief to their own advantage, creating raised beds from swamped beds, and increasing agricultural productivity, which brought a wave of settlers. Moreover, volcanic eruptions enriched the fertility of the soil. An elaborate channel system helped in the transportation of essential items from one location to another. The religious iconography of the Toltecs features many religious practices that have been borrowed from the Teotihuacan culture such as building pyramids to honor the Solar and Lunar Gods, determination of festivals based on the position of the sun and moon, and the practice of sacrifice to the Gods.

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Answer Details-

Grade- High School

Chapter- The Aztec Civilization

Subject- History

Keywords-

Civilization, religious iconography, divine consent, sacrifice, agricultural productivity,

architectural structure, expansion, conflict, festivals.

What is the effect of the supremacy clause in the Constitution?

A.States cannot pass laws that contradict the Constitution.
B.The structure of government cannot change over time.
C.States can prevent the federal government from becoming tyrannical.
D.States cannot create and enforce their own laws.

Answers

Choice (a) is the proper answer. With the supremacy clause, it lays out how the Federal government and the Constitution take precedence over state and local laws and regulations. In addition, it states that any laws passed by any other level of government has to pass muster with the Constitution before it is considered valid.

The answer is option A

When did homo sapiens first start to organize permanent settlements and where?

Answers

Around 12,000 years ago, Homo sapiens began permanent settlements in the Fertile Crescent, transitioning from nomadic to agricultural lifestyles.

Homo sapiens began organizing permanent settlements around 12,000 years ago during the Neolithic period, marking a shift from nomadic lifestyles to settled agriculture, known as the Neolithic Revolution. The earliest known settlements appeared in the Fertile Crescent, a region that includes modern-day Iraq, Syria, Lebanon, Jordan, Israel, Palestine, and Egypt.

Notable sites like Jericho, in the present-day West Bank, and Çatalhöyük, in present-day Turkey, date back to around 10,000 BCE and 7,500 BCE, respectively. These early villages focused on agriculture, animal domestication, and the development of tools, pottery, and other technologies that facilitated a more sedentary way of life. This period laid the foundation for the rise of complex societies and the eventual development of cities.

Unlike the economies of Japan and India, the economy of North Korea is

A) Almost entirely run by the government


B) Has limited military spending


C) Is based more on a traditional system

Answers

A for sure. Its not B or c

Unlike the economies of Japan and India, the economy of North Korea is Almost entirely run by the government. Thus the correct option is A.

What is the Economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

The Economy of Japan is a free market economy whereas the Economy of India is referred as a market-driven economy that is raised by the demand for goods in the market based on purchasing parity of individuals.

The economy of North Korea is referred to as a centralized command-based economy totally controlled and administered by the government where the government takes care of all the functions to strengthen the economy.

Therefore, option A is appropriate.

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"what country (or countries) has been called "china's little brother?""

Answers

The country the is called china's little brother is korea.

Discuss the significance of the similarity between the two battles.

Answers

Final answer:

The significance of the similarity between battles lies in understanding different styles of warfare, such as the contrast between European and American tactics.

Explanation:

The significance of the similarity between two battles, such as the Battle of the Wilderness and another unidentified battle, lies in the comparison and understanding of different styles of warfare. In the case of the Battle of the Wilderness, it highlighted the contrast between European warfare and the emerging "American way of war." General Braddock's failed attempts to maintain traditional European formations against concealed French and Indian troops exemplified this difference. The ability of George Washington to adapt to the unconventional fighting style ultimately contributed to his later appointment as commander in chief of the American forces in the Revolution.

the southern colonies practiced indentured servitude and slavery because

Answers

Cash crops such as tobacco or sugar required a lot of workers.

Answer:How did state legislation passed after the Revolution affect the practice of indentured servitude?

Indentured servants were granted more rights.

Indentured servants lost the rights they had gained in the colonial era.

The practice of indentured servitude was banned.

The practice of indentured servitude remained relatively unchanged.

Explanation:

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