Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
True
B
False
Understanding the Answer
Let's break down why this is correct
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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