Assume You Are a Sophomore in College and Are Committed

question 97

Essay

Assume you are a sophomore in college and are committed to earning an undergraduate degree. Your current decision is whether to finish college in four consecutive years or take a year off and work for some extra cash.
a. Identify at least two revenues or costs that are relevant to making this decision. Explain why each is relevant.
b. Identify at least two costs that would be considered sunk costs for this decision.
c. Comment on at least one qualitative consideration for this decision.

---

Definitions:

English

Relates to the language originating from England, now widely spoken globally as a first or second language.

Puerto Rico

A Caribbean island and unincorporated territory of the United States with its distinct culture, history, and political status debates.

Spanish Exploration

The period where Spain explored the Americas and other parts of the globe, beginning in the late 15th century, ushering in the era of European colonization.

European Diseases

Infectious diseases brought to the Americas by European explorers and colonizers that had devastating effects on the indigenous populations, who had no immunity to these diseases, including smallpox, influenza, and measles.