Of the Following Individuals, Who Bears the Highest Opportunity Cost

question 80

Multiple Choice

Of the following individuals, who bears the highest opportunity cost of going to college?

• A)A pro-football player earning $2 million a year
• B)A high school graduate without a job
• C)A high school dropout earning the minimum wage in a fast-food restaurant
• D)A teenager who attends college and also works on campus
• E)A retiree

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Definitions:

Clear Sense

A thorough understanding or perception of a situation, concept, or task at hand.

Instrumental Values

Beliefs or values that act as methods or tools for achieving desired end states or objectives.

Terminal Values

Fundamental beliefs or ideals that a person or organization considers to be of the utmost importance and that guide behavior and decision-making.

Example

A representative case or instance that illustrates a principle or concept.