What area is virginia and maryland collectively known as

Chesapeake Region.

The colonies and eventually states of Virginia and Maryland are known as the Chesapeake Region for their location surrounding Chesapeake Bay.

Virginia and Maryland developed in a similar way because of the geography being similar in the two areas. The swampy conditions made them both suitable for tobacco growth and the coastal areas provided areas for cities to grow. The cities became important port cities for trade.

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.  

what the first or next guys says