One Opportunity Cost Associated with Going to College Is

question 279

Multiple Choice

One opportunity cost associated with going to college is

• A) purchasing text books.
• B) paying tuition.
• C) giving up employment possibilities while in college.
• D) paying for room, board, and other living expenses.

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Definitions:

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the total amount loaned.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefits.

Geometric Series

A sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-zero number called the ratio.

Infinite

Describing a quantity without end or limit, often used in mathematics or to describe concepts that cannot be quantified.