The cost of waiting two months for health care to address a debilitating problem in Canada is most accurately described as
A) an explicit cost.
B) an accounting cost.
C) no real cost.
D) an opportunity cost.

Question

Quizplus · Accepted Answer

The cost of waiting two months for health care in Canada is an opportunity cost because during those two months, the person may be unable to work or perform daily activities, which could result in a loss of income or other missed opportunities. This is not an explicit or accounting cost because there is no direct monetary cost associated with waiting, and it is not accurate to say there is no real cost since the person is experiencing a debilitating problem that is impacting their quality of life.

The Cost of Waiting Two Months for Health Care to Address