Retired persons travel by bus and automobile more frequently than do business executives, who more commonly use air travel. An economic explanation for this would be that

A) business executives have more time to travel.
B) it is more important for retired persons to save time.
C) business executives value their time more highly.
D) retired persons have more money than do business executives.

Value Their Time

The concept referring to how individuals assign worth to the time they allocate to various activities, based on their personal priorities and economic opportunities.

Business Executives

Individuals who hold senior positions within a company, responsible for making strategic decisions to guide the organization's direction and financial success.

Retired Persons

Individuals who have ended their professional career or working life and are often eligible for certain benefits like pensions.