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:

Host-Country National

An individual who is a citizen of the country in which an international company operates, as opposed to an expatriate who originates from the company's home country.

Parent-Country National

An employee who is a citizen of the country in which the employing organization's headquarters is located, working in a branch or subsidiary in another country.

Third-Country National

An individual who is working in a country that is neither their home country nor the country of the company's headquarters to which they are assigned.

International Organization

An organization that sets up one or a few facilities in one or a few foreign countries.