As a Strategy to Boost Enrollment, in January 1996, a Private

question 68

Multiple Choice

As a strategy to boost enrollment, in January 1996, a private college in Iowa offered free tuition for graduating high school seniors from the county where it is located.For students who accepted the offer, how did this offer affect the opportunity cost of attending college?

• A)The opportunity cost did not change, since lost earnings were still a factor.
• B)The opportunity cost became zero for the typical student.
• C)The opportunity cost was very low, because the only cost was for books and supplies.
• D)The opportunity cost did not change, since tuition was not a factor in computing opportunity cost.
• E)The opportunity cost was lower than if tuition was charged, but there was still a cost.

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Definitions:

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information and is also key in understanding language and forming memories.

Parietal Lobe

A region of the cerebral cortex involved in sensory processing, including touch, temperature, and pain.

Frontal Lobe

The part of the brain involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Insula

A region of the brain located deep within the lateral sulci, involved in diverse functions including emotion, homeostasis, and cognitive processing.