Opportunity costs of housing can refer to time and effort involved in finding and repairing a place to live along with lost interest earnings on security deposits and down payments.

Question

Quizplus · Accepted Answer

Opportunity costs refer to the benefits or value that could have been obtained from the next best alternative option that was not chosen. In the context of housing, the time and effort spent on finding and repairing a place to live, as well as the lost interest earnings on security deposits and down payments, are all potential opportunity costs. Therefore, option A is correct.

Opportunity Costs of Housing Can Refer to Time and Effort