A College Student Could Be Working as a Waiter and Earning

question 47

Multiple Choice

A college student could be working as a waiter and earning US$20,000 annually. However, he is attending college and forgoing that income. This is an example of the ______ to attend college, a cost that the student hopes will be worth the investment in the long run.

• A) discount
• B) risk evaluation
• C) opportunity cost
• D) efficiency

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that occurs after conditioning or training.

Dependent Variable

In research, the variable that is being measured and is expected to change in response to manipulations of the independent variable.

Median

A statistical measure that represents the middle value in a given set of data when the values are arranged in ascending or descending order.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.