If a Price Ceiling on Gasoline Results in Long Lines

question 150

Multiple Choice

If a price ceiling on gasoline results in long lines at the gas station and a rich businessman and an elderly retiree both need gasoline, who would have the higher-valued use for gasoline, and who would have the lower opportunity cost of waiting in line?

• A) The businessman would have the higher-valued use and the lower opportunity cost.
• B) The businessman would have the higher-valued use and the retiree would have the lower opportunity cost.
• C) The retiree would have the higher-valued use and the lower opportunity cost.
• D) The retiree would have the higher-valued use and the businessman would have the lower opportunity cost.

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Definitions:

Motivational Interviewing

A counseling approach designed to help individuals find the motivation to make positive decisions and accomplish established goals.

Contemplation Stage

A phase in the process of change where individuals are aware of a problem and are considering making a change but have not yet committed to action.

Drinking Water

Water that is safe for consumption by humans and other life forms.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.