Suppose Your College Institutes a New Policy Requiring You to Pay

question 142

Multiple Choice

Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot.

• A)The cost of the parking permit is not part of the opportunity cost of attending college if you would not have to pay for parking otherwise.
• B)The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.
• C)Only half of the cost of the parking permit is part of the opportunity cost of attending college.
• D)The cost of the parking permit is not part of the opportunity cost of attending college under any circumstances.

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Definitions:

Social Label

A term or phrase applied to individuals or groups based on perceived characteristics, often leading to stereotyping.

African American

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa.

Racial-Ethnic

Pertaining to groups classified or categorizing themselves based on shared race, ethnicity, ancestry, or cultural heritage.

Single Parent

A person who raises a child or children without the support of a partner within the same household.