Directions: Every decision we make has its trade-offs, or alternative choices that are given up in favor of the choices we select. Opportunity cost is the value of that next best alternative that you gave up. Read each scenario below and identify the trade off, and the opportunity cost. You must use the terms trade off and opportunity cost in your responses. 1. You decide to spend $15 at the Cheesecake factory with your friends instead of eating dinner with your family 2. You decide to spend $50 to go to a concert instead of studying for an economics test 3. You decide call out “sick” from work go see the Dodgers play in the playoffs.

Why are field trips an important part of education

Scenario: the economy of country y has been in an economic downturn for the last several months. recently, businesses have invested in new technologies in order to produce the goods that consumers are demanding within the nation's own borders. the government has removed regulations to allow producers and consumers to have more financial freedom. as a result, consumer spending has increased and the economy has begun to improve. use the drop-down menus to complete the sentences. according to the information presented about country y, the classical economic concept of ( the invisible hand, consumer efficiency, government regulations) can be seen. the economic events of country y demonstrate the idea of laissez faire because the government (did, did not) intervene in economic events.

What did the leaders of the soviet union feel would provide the most protection for their country