1) What is the definition of " opportunity cost? Give an example.
Opportunity cost is the maximum amount of other products, which must be sacrificed
to obtain a unit of any given product. The most highly
In my opinion, even though it is a slow recovery, the government really did some
ways to reduce the budget deficit. There are two fundamental ways that federal
government use to reduce the budget deficit: increase revenue or decrease spending.
On January 28th 2015, once again FED continued to maintain the record low target rate of
federal reserve fund at 0 to 1/4%, after ending monthly bond purchase(QE) in last
Fed agrees that economic recovery is still moderate, due to a depressed hou
From my own perspective, I would like to say that the global outsourcing is a good
thing for U.S. Firstly, it could benefit for cost saving. When the business has the
industries outside the U.S., especially in Asia, they can get job done at a lower cost