Natalie Smith's new job is very demanding.She regularly works long hours and on the weekends.As a result,Natalie has not had much time for her family and friends.This is an example of:
A)deflation.
B)financial opportunity cost.
C)personal opportunity cost.
D)time value of money.
E)inflation.

Question

Quizplus · Accepted Answer

Natalie's situation exemplifies personal opportunity cost, as she sacrifices time with family and friends due to her demanding job. This concept refers to what is foregone to choose one option over another, in this case, personal time over work.

Natalie Smith's New Job Is Very Demanding