The defeat of the Spanish Armada in 1588 has long been held as one of England's greatest military achievements, and a sign of the strength and spirit imparted to the country by the reign of Queen Elizabeth I. However, some more recent historians claim that the Englishvictory was no more than a lucky accident.
Assume that you would engage in all of the following activities. Then consider what else you could be doing with your time or money if you decided not to engage in those activities. Finally, choose your next best option to determine the opportunity cost for you for each activity. Be sure to fill in the last activity space within the activity of your choice.
