For a College Student Who Wishes to Calculate the True

question 176

Multiple Choice

For a college student who wishes to calculate the true costs of going to college, the costs of room and board

• A) should be counted in full, regardless of the costs of eating and sleeping elsewhere.
• B) should be counted only to the extent that they are more expensive at college than elsewhere.
• C) usually exceed the opportunity cost of going to college.
• D) plus the cost of tuition, equals the opportunity cost of going to college.

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Definitions:

Duress

Coercion or compulsion by threat or force, often affecting the validity of a contract.

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Treasury Bills

Short-term debt obligations issued by the government to finance its operations, with maturities ranging from a few days to one year.

Mutual Mistake

A legal concept where both parties involved in an agreement have a misunderstanding regarding a critical fact of the agreement.