You Have the Choice of Going to Hawaii for a Week

question 434

Multiple Choice

You have the choice of going to Hawaii for a week, staying at work for the week, or spending the week skiing. If you decide to go to Hawaii, the opportunity cost is

• A) working, because you would be giving up a weekʹs pay.
• B) the value of working or skiing, depending on which you would have done rather than go to Hawaii.
• C) the value of working and skiing.
• D) None of the above if you enjoy the time spent in Hawaii.

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Definitions:

Alienating

Creating a feeling of estrangement or detachment among individuals or within a group, often leading to a sense of isolation or disconnection.

Older Workers

Employees who are near or beyond the traditional retirement age, often bringing valuable experience and stability to the workforce.

Family-friendly Benefits

Benefits offered by employers that support the balance between work and family life, such as flexible working hours, parental leave, and childcare support.

Off-shoring

The relocation of business processes or services to a foreign country, often for reasons of cost reduction or access to specialized skills.