Carol Says the Following to an Economist: "I Hate Playing

question 96

Multiple Choice

Carol says the following to an economist: "I hate playing the guitar, but I have taken lessons for 10 years, so I might as well continue. There is a chance I will become a professional guitarist one day." An economist would probably make which of the following statements?

• A)In a world of scarcity and unhappy alternatives, guitar playing may be your best bet.
• B)You're right; it is better not to let all that time, energy, and money on guitar lessons go to waste.That would be uneconomical and irrational.
• C)The music made by a guitar is nice; maybe you should stay with it, you may come to like it.
• D)The cost you have incurred for guitar lessons is sunk.You should not allow something that can't be undone to influence a current decision.

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Definitions:

Prognosis

A medical term referring to the predicted outcome or course of a disease, including chances of recovery.

Relapse

A return to a previous state of illness or negative behavior after a period of improvement.

Valproate

A drug frequently prescribed for controlling seizures, managing bipolar disorder, and preventing migraine headaches.

Lithium

A chemical element used as a medication to treat and prevent episodes of mania in people with bipolar disorder.