The Opportunity Cost of Going to College

question 153

Multiple Choice

The opportunity cost of going to college

• A) is zero if your parents pay your tuition.
• B) is equal to the cost of tuition, room and board, and other expenses.
• C) includes wages you lose by going to school instead of working.
• D) is the same for all students at a particular school who pay full tuition.

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Definitions:

Probability Of Death

The statistical likelihood of an individual dying within a specified timeframe, often used in actuarial science and health studies.

Work-family Conflict

A form of tension occurring when the demands of work and family roles are incompatible in some respect, making participation in both roles more difficult.

Job Satisfaction

This entails the degree of pleasure or positive emotional state resulting from the appraisal of one's job or job experiences.

Techno-ambiguity

The uncertainty and lack of clarity experienced by individuals when dealing with technology in the workplace or in everyday life.