When You Retire, You Will Probably Spend Less Money on

question 88

Multiple Choice

When you retire, you will probably spend less money on

• A) Clothing.
• B) Health insurance.
• C) Medical care.
• D) Recreation.
• E) All of these.

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Definitions:

Opportunity Cost

The expense associated with not choosing the second-best option during the decision-making process.

Apples

A common fruit that is grown worldwide and comes in various varieties, often consumed fresh, cooked, or juiced.

Pears

A type of fruit known for its sweet taste, bell shape, and variety of colors and sizes.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision to pursue a particular action or resource allocation.