The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
Answer:
This is an example of using <u>Prezi </u>as a visual aid.
Explanation:
Visual aids are very necessary when doing presentations. Prezi is a web tool for creating presentations. The effects of a picture appearing for 20 seconds is one of the things one can get using this tool.
Answer:
The answer is correct.
While Steven is not the leader of the group, either because he does not enjoy being a team leader, or because he does not feel prepared to do so, he is still a good team member, since he contributes to the team by sharing his ideas. He helps the team achieve its goals in this way.
