Attending College Involves Many Explicit and Implicit Costs

question 73

Multiple Choice

Attending college involves many explicit and implicit costs.Which of the following best describes the opportunity cost of attending college?  

• A) It is entirely monetary and consists of expenditures on tuition, books, transportation, and meals. 
• B) It is NOT monetary, but consists solely of forgone income. 
• C) It is the most valued alternative given up to attend college. 
• D) It is negligible for most people, because they really have no choice but to attend college.

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Definitions:

Silicate Chains

Structures formed by linking silicon and oxygen atoms in a chain, foundational to many silicate minerals.

Felsic Composition

Rocks characterized by a high content of light-colored minerals such as quartz, feldspar, and mica, generally associated with continental crust.

Viscous

A physical property indicating a fluid's resistance to flow; highly viscous substances move slowly.

Gas Bubbles

Cavities filled with gas trapped within a solid material, often found in cooling lava.