On a Typical Budget Constraint, the Opportunity Cost of Food

question 5

Multiple Choice

On a typical budget constraint, the opportunity cost of food in terms of shelter is

• A)Pf/Ps
• B)Ps/Pf
• C)The inverse of the opportunity cost of shelter in terms of food
• D)Zero

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Definitions:

Positive Psychology

A branch of psychology focused on the study of positive emotions, strengths-based character, and healthy institutions to improve quality of life.

Evolutionary Psychology

A theoretical approach in the social and natural sciences that examines psychological structure from a modern evolutionary perspective.

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The field of study that examines the role of genetics in human (and animal) behavior, often looking at genetic and environmental influences.