In Her Calculation of the Cost of Going to College

question 98

True/False

In her calculation of the cost of going to college, an economist would include the amount of forgone earnings over the years spent at college.

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Definitions:

Sociology

The study of the development, structure, and functioning of human society, including social relationships, institutions, and cultures.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

M.B.A.s

Master of Business Administration; advanced degrees for individuals focusing on business administration and management.

Lawyers

Professionals authorized to practice law, representing clients in legal matters and providing advice on legal issues.