Questions like this are difficult to answer without more context, although there are some clues about the symbolism in this brief excerpt. You can read the whole short story here: http://images.pcmac.org/SiSFiles/Schools/AL/MobileCounty/TheodoreHigh/Uploads/Forms/Reading_Packet_with_Text_-_The_Rockpile_by_James_Baldwin_-_20150323.pdf
In the story, boys are always getting hurt. Some boys are afraid to play there because it is dangerous. The provided passage also talks about fighting and danger. If this were my assignment, I would choose C) It shows its dangers.
The leader of Communist Russia, Joseph Stalin, was paranoid of opposition. It was this paranoia that led to the Great Purge where millions of people were executed or sent to labor camps in Siberia.