Chris has a one-hour break between classes every Wednesday. Chris can either stay at the library and study or go to the gym and work out. The decision Chris must make is:

Question

Quizplus · Accepted Answer

Chris has limited time and must decide how to allocate that time between two desirable options. This is an example of an economic problem because it involves making choices about how to use scarce resources (in this case, time). Given that Chris is already attending classes and likely needs a break to recharge, it may be beneficial to use the break to work out and get some physical activity rather than spend additional time studying in the library. However, this ultimately depends on Chris's individual needs and priorities.

Chris Has a One-Hour Break Between Classes Every Wednesday