Opportunity costs is the cost of the next best alternative use of money, time, or resources when one choice is made rather than another

Opportunity cost:

When an individual at a given instance and for a given chance chooses one alternative over the other, there are chances that he may lose the value of the former. This concept is referred to as 'opportunity cost' in short. It is a theory between the scarcity and choice of the consumer.

It is simply because choosing an alternative over the other costs the individual the 'opportunity' to choose the other alternative.

using the map image above, answer a, b, and c. a. briefly explain the historical context of this map image.b. briefly explain one economic or social development in the period 1607–1754 that could be used to explain what the cartographer (mapmaker) shows in the map image. c. briefly explain one social development in the period 1607–1754 that could be used to explain the distinctions shown in the map image.your responses: a.during this time period the colonies had recently been formed by the british. the colonies were grouped into three sections based on common beliefs, lively hood, and how they interacted. the new england colonies had passed the mayflower compact and they focused on trade, shipbuilding, and fishing. the middle colonies had purchased land from the native americans and dealt mostly with the export of wheat, banking, and shipping.

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the alfred thayer mahan award for literary achievement is awarded each year by the navy league of the united states. the award is named for an american naval historian and theorist, rear admiral alfred thayer mahan, united states navy who, through his writing, provided stimulus and guidance to those who share in the defense of the nation. presented since 1957, "this award for literary achievement is awarded to a u.s. navy officer, u.s. marine corps officer, enlisted service member, or civilian who has made a notable literary contribution that has advanced the knowledge of the importance of sea power in the united states."[1]