What Is the Opportunity Cost of Attending a University for a Year

question 107

Multiple Choice

What is the opportunity cost of attending a university for a year?

• A) the size of the student loans the student becomes responsible for
• B) the tuition fees incurred
• C) the value of the best opportunity or opportunities forgone in order to enrol for the year
• D) the sum of all expenditures on rent, food, books, and tuition incurred during the school year

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Definitions:

Self-Awareness

Understanding of one's personal attributes, feelings, driving forces, and aspirations.

Comprehension

The ability to understand and process language or information, grasping the meaning of text, speech, symbols, or behavior.

Phonology

The branch of linguistics concerned with the systematic organization of sounds in languages.

Audition

The formal term for the sense of hearing, or the process by which sound waves are converted into neural signals that the brain interprets.