You Have the Choice of Going to Hawaii for a Week

question 411

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

---

Definitions:

Importance Gap

The perceived difference between the importance of something and the current state or performance of that thing.

Modern Technology

The current state of technological development that encompasses a wide range of digital, electronic, and mechanical inventions.

Daily Basis

A frequency of occurrence where actions or events happen every day.

Mortality Data

Information related to the incidence of death in a population, often used for studying health outcomes and life expectancy.