The Value of Income One Forgoes by Attending College Instead

question 7

Multiple Choice

The value of income one forgoes by attending college instead of getting a job right after high school is called

• A) an indirect cost.
• B) a sunk cost.
• C) an opportunity cost.
• D) a recurring cost.

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Definitions:

Structured Interview

An interview method where each interviewee is asked the same set of prepared questions in the same order to ensure consistency and comparability of responses.

Individual

Pertains to a single human being as distinct from a group, community, or family.

Likert-type

Scales commonly used in questionnaires that measure attitudes by asking respondents to rate their level of agreement or disagreement on a symmetric agree-disagree scale for a series of statements.

Informal Assessment

Evaluative processes or tools that are unstandardized and non-systematic, often used in educational or training contexts.