Why was Seward’s purchase of Alaska viewed as a “folly” by many Americans? How did the speech of Mr. Washburn show opposition to the purchase of Alaska?

Reactions to the purchase in the United States were mostly positive, as many believed possession of Alaska would serve as a base to expand American trade in Asia. Some opponents labeled the purchase as "Seward's Folly", or "Seward's Icebox", as they contended that the United States had acquired useless land.

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the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe