You Decide to Take a Vacation and the Trip Costs

question 425

Multiple Choice

You decide to take a vacation and the trip costs you $2,000. While you are on vacation, you do not go to work where you could have earned $750. In terms of dollars, the opportunity cost of the vacation is

• A) $2,000.
• B) $750.
• C) $2,750.
• D) $1,250.

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Definitions:

Genetic Method

An approach in psychology that examines the influence of genetics on behavior and traits, studying how inherited characteristics impact individual differences.

Pancreas

A dual-purpose gland under the stomach that performs both digestive and endocrine functions.

Insulin Production

The process by which the pancreas creates insulin, a hormone key to regulating blood glucose levels.

Metabolism

The set of life-sustaining chemical reactions in organisms that enables them to convert food into energy, maintain their structures, and respond to their environments.