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Larry is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Larry has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?

Respuesta :

holesstanham

Answer:

B. People face trade-offs.

Explanation:

According to a different source, these are the options that come with this question:

A. Larry can use time most efficiently by spending the same amounts of time on swimming, biking, and running.

B. People face trade-offs.

C. People usually exploit opportunities to make themselves better off.

D. Larry has an incentive to spend more time on swimming than on biking or running.

The basic principle that these choices illustrate is that people face trade-offs when trying to decide what the right course of action is at any particular moment. In this example, Larry has three tasks that he needs to complete: swimming, biking and running. However, dedicating time to one of this leads to less time for the other ones. Therefore, Larry faces a trade-off. This concept is closely related to the idea of opportunity costs.

The basic principle of an individual choice that Larry's example bests illustrates is that of :

  • people face trade-offs

Trade-off :

  • Trade-offs may be defined as the situational decision which involves losing in one terms of work in return for gaining in other aspects of work.
  • It is difficult to maintain a balance of both the situations at the same time.

For Larry, she is facing trade-offs between choosing to do either training, swimming or biking as she has limited time of 20 hours for the week.

Learn More :

https://brainly.com/question/8475898

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