Subject Economics
Pls help

Example

Explanation:

1. Option #1: hang out with my friend; Option #2: study for a test; Option #3: go shopping

2. I chose to *hang out with my friend* and my opportunity cost of that decision was that I did not get to *study for a test*

3. There would still be an opportunity cost because by hanging out with a friend, I lost the time to study for my test. Opportunity cost means losing potential gain because one alternative was chosen over other alternatives. In this instance, I could not gain the knowledge of the test because I was instead strengthening my friendship. Although no money was involved, there was still the cost of not studying.

racism is the belief in the superiority of one race over another, which often results in discrimination and prejudice towards people based on their race or ethnicity. the use of the term "racism" does not easily fall under a single definition.

explanation: