Use the Information Below to Answer the Following Question

question 212

Multiple Choice

Use the information below to answer the following question.
Fact 1.3.2 Cost of Sochi Winter Olympics
The Russian government spent $6.7 billion on Olympic facilities and $16.7 billion upgrading Sochi area infrastructure. Sponsors spent $27.6 billion on hotels and facilities hoping to turn Sochi into a year-round tourist magnet.
Source: The Washington Post, February 11, 2014
-Refer to Fact 1.3.2. The opportunity cost of the Sochi Olympics was

• A)$51 billion because the Russian government would have spent this money anyway to revitalize Sochi.
• B)$6.7 billion because that was the cost of the Olympic facilities.
• C)$51 billion if the Russian government would not have spent this money had the Olympics not been held in Sochi.
• D)$23.4 billion because spending on hotels and facilities of $27.6 billion was unnecessary.
• E)zero because the Russian government competed with other countries to host the Olympics.

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Definitions:

Emotional Labor

The management of one's emotions to display the appropriate feelings for a job, often seen in service-oriented professions.

Job Demands

The range of physical, mental, social, and organizational aspects of a job that require sustained effort and skills.

Hypothetical Constructs

Abstract concepts or theories that are utilized to describe or explain behaviors and phenomena, but which are not directly observable.

Attitudes

A learned tendency to evaluate things in a certain way, which can include people, issues, objects, or events.