Steven Lives in a Big City Where There Is a Shortage

question 121

Multiple Choice

Steven lives in a big city where there is a shortage of parking.He has a parking spot in his driveway where he parks his car.Which of the following statement is most correct?

• A)Steven has a lower opportunity cost of owning a car than his neighbor,who must rent a parking spot.
• B)The opportunity cost of using the parking spot is zero,because Steven owns the house.
• C)The opportunity cost of using the parking spot is the price he could charge someone else for using the spot.
• D)The opportunity cost depends on how much Steven's mortgage payment is.

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Definitions:

Specific Food

A particular type or category of food identified by distinct characteristics or dietary restrictions.

Allergic

Having an abnormal reaction of the immune system to a usually harmless substance in the environment known as an allergen.

Nutritional Deficiencies

A condition resulting from a diet that lacks one or more vital nutrients, causing various health issues.

Tooth Decay

The breakdown of teeth due to activities of bacteria on sugar in the food, leading to cavities.