Pat Can Either Drive to Work, Which Takes Half an Hour

question 12

Multiple Choice

Pat can either drive to work, which takes half an hour and uses $1.50 worth of gas, or take the bus, which takes an hour and costs $1.00. How should Pat get to work?

• A) Pat should always take the bus because it costs $0.50 less.
• B) Pat should always drive because it saves half an hour.
• C) Pat should drive if saving a half hour is worth $0.50 or more.
• D) Pat should take the bus if a half hour of time is worth $0.50 or more.

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Definitions:

Global Gross Domestic Product

The total market value of all goods and services produced across all countries in the world within a given period, often used as a measure of global economic health.

Largest Economy

The country or region with the highest gross domestic product (GDP) and overall economic activity in the world.

European Union

A political and economic union of 27 member states that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital within the internal market.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico that aimed to eliminate most tariffs on products traded among these countries, facilitating increased trade and economic integration.