Churchill Was One of the Few to Understand the Darker

question 8

True/False

Churchill was one of the few to understand the darker side of human nature, and thus alerted Britain and Europe to the threat of Nazi Germany.

---

Definitions:

Opportunity Cost

In economics, it refers to the benefit lost when choosing one alternative over another.

Mutual Fund

An investment vehicle comprising a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, or other assets.

Explicit Costs

Direct, out-of-pocket expenses incurred in the operation of a business, such as wages, rent, and materials.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without having to pay rent or purchase them.