What do you mean by desiring?
Statistics are great indicators of standard of living - I suggest that you say "great indicators for a standard", or "great indicators for the standard"
living but there are other less - add a comma before the but
Less measurable factors that need to be taken into account...work balance are very important. - You just mentioned that these are less measurable, however here you're saying they're "very important"
safe lives and divorce is virtually heard of. - "Virtually unheard of." You could also say "Rarely heard of." Or, just "rare."
we have suicide mortality rate of 13.2 people/100,000 people - "we have a suicide mortality rate..."
The Solomon Islands may be a lovely place to visit but very few Australians would actually like to call it their home. - "...loveplace to visit, (add a comma) but very few..."
Answer:
opportunity costs are the alternative choice in which you could make when making a financial decision while a trade-off is something that you could switch out in order to make a different decision
Lending a friend a huge amount of money is not really recommended, because they may ask you over and over and over again, causing you to forget how much she owes. She may also spread the word, making you vulnerable to more thefts.
