Question

Juanita is training for a triathlon, a timed race that combines swimming, biking, and running.Consider the following sentence: Juanita has only 20 hours this week that she can devote to training. Each hour she spends swimming is an hour that she can't spend biking or running.Which basic principle of individual choice do these statements best illustrate?A:Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.B:People face trade-offsC:People usually exploit opportunities to make themselves better off.D:Juanita has an incentive to spend more time on swimming than on biking or running.

Answer 1

B. People face trade- offs

Step-by-step explanation:

The given scenario points towards the principle of opportunity cost.

Opportunity cost refers to the benefits foregone of not taking up one activity when another activity is taken up instead.

The time Juanita opts to go for swimming, cannot be used for other two activities. This further implies that if one activity is to be taken up at a time, time available for pursuing other activities is getting reduced or sacrificed. The hours spent on swimming represent the hours foregone which could have been used either for biking or running.

This represents a trade off which has to be made as to decide which activity to pursue for a given time in exchange of other activities which one opts to give up (sacrifice).