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However wealthy we may be, we can never find enough hours in the day to do everything we want. Economics deals with this problem through the concept of opportunity cost, which simply refers to whether someone’s time or money could be better spent on something else.
Every hour of our time has a value. For every hour we work at one job we could quite easily be doing another, or be sleeping or watching a film. Each of these options has a different opportunity cost—namely, what they cost us in missed opportunities.
Say you intend to watch a football match but the tickets are expensive and it will take you a couple of hours to get to and from the stadium. Why not, you might reason, watch the game from home and use the leftover money and time to have dinner with friends? This—the alternative use of your cash and time—is the opportunity cost.
For economists, every decision is made by knowledge of what one must forgo—in terms of money and enjoyment—in order to take it up. By knowing precisely what you are receiving and what you are missing out on, you ought to be able to make better-informed, more reasonable decisions. Consider that most famous economic rule of all: there’s no such thing as a free lunch. Even if someone offers to take you out to lunch for free, the time you will spend in the restaurant still costs you something in terms of forgone opportunities.
Some people find the idea of opportunity cost extremely discouraging: imagine spending your entire life calculating whether your time would be better spent elsewhere doing something more profitable or enjoyable. Yet, in a sense it’s human nature to do precisely that—we assess the advantages and disadvantages of decisions all the time.
In the business world, a popular phrase is “value for money.” People want their cash to go as far as possible. However, another is fast obtaining an advantage: “value for time.” The biggest restriction on our resources is the number of hours we can devote to something, so we look to maximize the return we get on our investment of time. By reading this passage you are giving over a bit of your time which could be spent doing other activities, such as sleeping and eating. In return, however, this passage will help you to think like an economist, closely considering the opportunity cost of each of your decisions.
【小题1】According to the passage, the concept of “opportunity cost” is applied to ________.

A.making more money
B.taking more opportunities
C.reducing missed opportunities
D.weighing the choice of opportunities
【小题2】The “leftover ... time” in Paragraph 3 probably refers to the time ________.
A.spared for watching the match at home
B.taken to have dinner with friends
C.spent on the way to and from the match
D.saved from not going to watch the match
【小题3】What are forgone opportunities?
A.Opportunities you forget in decision-making.
B.Opportunities you give up for better ones.
C.Opportunities you miss accidentally.
D.Opportunities you make up for.


【小题1】D  
【小题2】C
【小题3】B

解析试题分析:文章大意:本文是一篇议论文。文章论述了不管我们多么的富有,在一天里我们不可能找到足够的时间做我们想要做的一切。因此,我们要放弃一些事情选择做更好的事情。
【小题1】D考查推理判断。根据文章第二、三段,尤其第三段最后一句This—the alternative use of your cash and time—is the opportunity cost可知“机会成本”这个概念应用于衡量机会的选择方面。故D正确。
【小题2】C考查词义推测。题中“leftover money and time”是指“剩下来的钱和时间”。根据文章第三段第一句Say you intend to watch a football match but the tickets are expensive and it will take you a couple of hours to get  to and from the stadium.可知leftover … time所指的是“花在观看比赛(路上)来去的时间”。故C正确。
【小题3】B考查推理判断。根据文章第四段,尤其最后一句Even if someone offers to take you out to lunch for free, the time you will spend in the restaurant still costs you something in terms of forgone opportunities.可以推测出forgone opportunities是指“所放弃用于更好的机会”。故B正确。
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