John Chose to Buy a Pizza

question 253

Multiple Choice

John chose to buy a pizza. If he had not bought the pizza, he would have bought either a hot dog or a hamburger. John's opportunity cost of buying the pizza is

• A) the hot dog.
• B) the hamburger.
• C) both the hot dog and the hamburger.
• D) whichever alternative, the hot dog or the hamburger, has the next highest value to John.

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Definitions:

Cotton

A natural fiber obtained from the seeds of the cotton plant, widely used in textile manufacturing.

Cash Crop

A crop grown for the purpose of being sold on the market to generate profit rather than for the farmer's own use or consumption.

Financial Insecurity

A state where individuals or households lack stable financial resources, creating uncertainty and stress over meeting basic needs.

Slave Cabins

Denotes small, crude houses where enslaved African Americans lived on plantations or farms in the United States before emancipation.