📚 Learning Guide
Microeconomics of Daily Decisions
easy

If a person decides to spend their entire day at an amusement park instead of going to work, they are not facing any trade-offs because they have chosen to prioritize fun over work.

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Learning Path
Learning Path

Question & Answer
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Choose the Best Answer

A

True

B

False

Understanding the Answer

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Answer

When a person chooses to spend their whole day at an amusement park instead of going to work, they are actually facing a trade-off, even if it seems like a fun choice. A trade-off means giving up one thing for another. In this case, the person is giving up their work responsibilities, which might include earning money and completing tasks, in exchange for a day of enjoyment and relaxation. For example, if they usually earn $100 for a day's work, that money is what they lose by choosing fun at the park. So, while it may seem like a simple choice, it involves weighing the benefits of fun against the costs of missing work.

Detailed Explanation

The person is facing trade-offs. Other options are incorrect because This answer suggests there are no choices involved.

Key Concepts

Trade-offs
Scarcity
Opportunity Cost
Topic

Microeconomics of Daily Decisions

Difficulty

easy level question

Cognitive Level

understand

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