What is an alternative that we sacrifice when we make a decision? Opportunity cost is –(a) any alternative we sacrifice when we make a decision. Is the value of the next best alternative that must be given up when a decision is made? Whenever a choice is made, something is given up. The opportunity cost […]
What are the characteristics of place?
What are the characteristics of place? Place also includes descriptions of a site’s features and environmental conditions. The physical and human characteristics of a place make it unique. Physical characteristics include the natural environment, such as landforms, elevation, water features, climate, soil, natural vegetation, and animal life. How do you describe place in geography? Geographers […]
Which one of the following statements is correct historical real rates of return must be positive?
Which one of the following statements is correct historical real rates of return must be positive? The correct answer is C. Explanation: In economics, real rate refers to a rate of return that accounts for the effects of inflation, in order to reflect how rates of return have really changed over time. When the rate […]
Who is considered the father of modern political science?
Who is considered the father of modern political science? The antecedents of Western politics can be traced back to the Socratic political philosophers, such as Aristotle (“The Father of Political Science”) (384–322 BC). Aristotle was one of the first people to give a working definition of political science. Who is considered the father of modern […]
Which of the following two African countries were created by secession?
Which of the following two African countries were created by secession? However, recent history gives reasons for a more favourable disposition towards secession in Africa. For example, two countries that have seceded (Eritrea in 1991 and South Sudan in 2011) became new members of the United Nations and African Union in 1993 and 2011 respectively, […]
What political party was William Jennings Bryan?
What political party was William Jennings Bryan? People’s Party What did William Jennings Bryan support? At the 1896 Democratic National Convention, Bryan delivered his “Cross of Gold speech” which attacked the gold standard and the eastern moneyed interests and crusaded for inflationary policies built around the expanded coinage of silver coins. What is the significance […]
What are the 4 types of financial institutions?
What are the 4 types of financial institutions? The major categories of financial institutions include central banks, retail and commercial banks, internet banks, credit unions, savings, and loans associations, investment banks, investment companies, brokerage firms, insurance companies, and mortgage companies. What are the features of financial institutions? The financial institutions provide loans and advances to […]
Why are federal judges given lifelong tenure?
Why are federal judges given lifelong tenure? Some judges and members of upper chambers (e.g., senators for life) have life tenure. The primary goal of life tenure is to insulate the officeholder from external pressures. United States federal judges have life tenure once appointed by the president and confirmed by the Senate. What is Hamilton’s […]
When an amendment is proposed Who determines the method of ratification state conventions state legislatures the president Congress?
When an amendment is proposed Who determines the method of ratification state conventions state legislatures the president Congress? Amendment proposed by Congress, Ratified by state legistlatures. Two-thirds of both the House and The Senate must pass the proposed amendment. Three fourths of state legislatures must ratify (approve by a majority vote) the amendment. Twenty-six of […]
Is it possible for other colors to exist?
Is it possible for other colors to exist? The answer is, in all likelihood, no. Color is a perception. We can expand the wavelength range of the radiation that we can detect. Night vision goggles, for example, allow us to detect near infrared radiation, but do not provide a new color. What 3 colors make […]