Suppose Your College Institutes a New Policy Requiring You to Pay

question 142

Multiple Choice

Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot.

• A)The cost of the parking permit is not part of the opportunity cost of attending college if you would not have to pay for parking otherwise.
• B)The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.
• C)Only half of the cost of the parking permit is part of the opportunity cost of attending college.
• D)The cost of the parking permit is not part of the opportunity cost of attending college under any circumstances.

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Definitions:

Federal Crime

A violation of laws passed by the United States Congress and punishable by the federal government.

Conceals Assets

The act of hiding assets or property intentionally from creditors, courts, or other parties to avoid seizure or legal judgments.

Federal Tax Returns

Official documents filed with federal agencies to report income, calculate taxes owed, and document tax payments or refunds for a specified year.

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A document filed by an individual or business in bankruptcy court, initiating the bankruptcy process.