AIEEE Questions

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Opportunity cost is the cost of other alternative choices for making your interested choice of work. Oppurtunity cost is also called as alternative cost.

For example on a holiday, you have two choices to do, either you can go to movie or a function. And if you chose to go to moavie, the oppurtunity cost of going to movie is the value that would have gotten if you had gone to function.

The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.

Members of Congress has five main functions:

1. lawmaking,

2. representing the people,

3. performing oversight,

4. helping constituents, and

5. educating the public.

The main goal of wildlife conservation is to recognize the importance of wildlife and protecting the nature to maintain balance in the nature.

Till now, upto 2019 89 budgets are presented in Parliament.