The opportunity cost of attending college
A) consists of the tuition costs only.
B) consists of the tuition costs plus the costs of room and board and other expenses.
C) is zero, if the student receives a scholarship that covers the costs of tuition, room and board, and other expenses.
D) varies from person to person.
E) both b and c
D
You might also like to view...
Which of the following is correct regarding the discount rate?
a. It is the interest rate that commercial banks charge their most creditworthy customers. b. It is the interest rate that thrift institutions charge for home mortgages c. It is the interest rate at which depository institutions can borrow from the Federal Reserve. d. It is the interest rate set in the market for U.S. Treasury Bills. e. It is the prime interest rate.
A phenomenon called Moore's law says:
A. computing capacity has doubled every two years. B. physical capital will double every two years in countries with high rates of growth. C. 70 divided by the growth rate equals how long it will take a country to double its income level. D. 70 divided by the growth rate equals how long it will take a country to double its productive capacity.
An increase in the price of butter in a country between the years 2010 and 2015 indicates: a. a decrease in demand
b. the presence of a surplus. c. a decrease in household earnings. d. the presence of inflation.
The percentage of the population in the middle-class (defined by Pew as having income between 67% and 200% of median family income)
A. declined from more than 60% in the 1970s to 20% in 2015. B. remained constant at 60% from the 1970s to 2015. C. increased from the 1970s to 2015. D. declined from more than 60% in the 1970s to 50% in 2015.