1.For each of the following, describe some of the potential opportunity costs:

a. Going home for Thanksgiving vacation

b. Riding your bicycle 20 miles every day

c. The federal government using tax revenue to purchase 10,000 acres in Florida for use as a bird sanctuary

d. A foreign government subsidizes its national airline to keep airfares down

e. Upgrading to a balcony suite for your cruise around the Mediterranean Sea