Question

Medal and Fan :)

Answer 1

Steve buys a new coat from Don's clothing store. Don buys coats from Mary's factory, and Mary buys her material from Sean's mill. The cost of Steve's coat will go up if the workers in Sean's mill get raises. What economic term does this example describe?

A.)scarcity
B.)interdependence
C.)wants and needs
I am thinking A?

Answer 2

:/ i was actually thinking indirect cost but that is not a choice

Answer 3

would Indirect cost be close to B.)?

Answer 4

And i have a couple more questions if you dont mind.....

Answer 5

yas because they all sort of depend on each other for the product....A would be wrong because what scarcity mean is the state of being scarce or in short supply

Answer 6

Oh okay thank you, and is that fine if i ask two more questions? I promise they are quick

Answer 7

ok

Answer 8

but in a separate post

Answer 9

Ann can buy either a pair of jeans or shoes with the allowance she saved up. What is the opportunity cost if she buys the jeans?

A.)getting a new pair of shoes
B.)wearing a new pair of jeans
C.)using up all her allowance

Answer 10

A.)

Answer 11

because your losing out on getting something else...?

Answer 12

C...it "cost" her using up her allowance...but yes it could also be A

Answer 13

oh okay, thank you. and i can wait