The Opportunity Costs of Attending College Do NOT Include

question 63

Multiple Choice

The opportunity costs of attending college do NOT include:

• A) the expenditures for food.
• B) the costs of textbooks or eBooks.
• C) the forgone wages that could have been earned working.
• D) required student activity fees.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods, affecting their price and availability within the domestic market.

International Trade

The exchange of goods, services, and capital between countries and territories, influenced by comparative advantages and economies of scale.

Infant-Industry Argument

The economic rationale for protecting new industries with tariffs or other trade barriers until they become competitive internationally.