The Opportunity Cost of Going to College or University for Four

question 85

Multiple Choice

The opportunity cost of going to college or university for four years is

• A)equal to the wage rate a person will earn after graduation.
• B)the least valued alternative one forfeits to attend.
• C)the cost of tuition and books and four years of lost wages from employment.
• D)the cost of tuition,residence fees and books.
• E)zero.

---

Definitions:

Perseveration

is the repetition of a particular response, such as a word, phrase, or gesture, despite the absence or cessation of a stimulus.

Infant's Tendency

Refers to the natural inclinations or predispositions observed in infants, such as tendencies toward certain behaviors or reactions.

Movement

The act or process of changing physical location or position, often referring to the capability of organisms or parts of organisms to do so.

Representation

The act of standing for or symbolizing something else, or an accurate depiction of something in a particular medium.