Alex Received a Four-Year Scholarship to State U

question 6

Multiple Choice

Alex received a four-year scholarship to State U. that covered tuition and fees, room and board, and books and supplies. If Alex becomes a full-time student, then:

• A) attending State U. for four years is costless for Alex.
• B) Alex has no incentive to study hard while at State U.
• C) the opportunity cost of attending State U. includes the money Alex could have earned working for four years.
• D) the opportunity cost of attending State U. includes the sum of the benefits Alex would have had from attending each of the other schools to which he was admitted.

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Definitions:

Five-Factor Model

A model that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait characterized by outgoingness, high levels of energy, and a tendency to seek stimulation and the company of others.

Happier

A state or feeling of being happy, often characterized by contentment, joy, satisfaction, or pleasure.

Consistency

The degree to which someone's behavior, attitudes, or beliefs are the same across different situations or over time.