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:

Assignment

The transfer of rights, property, or obligations from one party to another, often seen in contractual and legal contexts.

Delegation

The act of assigning responsibility or authority from one person or entity to another to carry out specific activities or tasks.

Third-Party Beneficiary

A person who, although not a party to a contract, stands to benefit from the contract's execution or performance.

Enforce

To compel observance of or adherence to laws, rules, or obligations.