What is the opportunity cost in this scenario? gretchen earned $500 from her summer job. she made a list of things that she wants to do with the money she earned. she thought of spending $100 to buy a guitar amplifier, enrolling in a ballet class for $200, buying new clothes worth $100, and giving her mom a silver necklace worth $100. when she went to buy the amplifier, she found it cost around $150. she knew that she couldn’t change the fee for the dance classes. so she had to adjust the budget for her clothes or her mom’s gift. in the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned.

In the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned

Explanation:

panem is a communist totalitarian dictatorship where all the resources and how they are allocated belongs to the capitol. the districts exist only to provide goods and services for the capital and most of the citizens live in poverty. it is a police state where the "peacekeepers" use force and threats to keep the people under control. dissent is outlawed and those who disobey the law are executed, flogged, or turned into avoxes. the games are another means in which the ruling elite in the capitol exert their power over the districts. when reading the books i drew parallels between panem and the soviet union and north korea. in no way is panem capitalist. the people in the capitol are wealthy but the majority of them are involved in the government somehow. it was the same way in the former soviet union where bigwigs in the communist party and high ranking government officials were given access to goods, services, medical treatments not available to the general public. if you think panem has a capitalist economy you need to brush up on your economics.