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If the Total Expenses of Being a Full-Time College Student

question 171

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If the total expenses of being a full-time college student for one year adds up $17,000, and that student could have earned $20,000 working full time during the same year, then the student's opportunity cost for the year of college would be:


Definitions:

Id

In psychoanalytic theory, the part of the mind in which innate instinctive impulses and primary processes are manifest.

Id

In psychoanalytic theory, the part of the personality that contains our primal, instinctual drives and operates on the pleasure principle.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, superego, and reality.

Libido

A term used in psychoanalytic theory to denote the sexual drive or desire.

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