The Opportunity Cost of Going to College for a Student

question 136

Multiple Choice

The opportunity cost of going to college for a student receiving a scholarship

• A) is the income that she would have earned if she did not go to college.
• B) is the risk of dropping out.
• C) is the food and living expenses that she has to purchase while in college.
• D) is zero because she does not have to pay tuition.

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Definitions:

Property Rights

Legal rights over the use, control, and transfer of property, including intellectual and physical goods.

Property Taxes

Levies on property owners based on the assessed value of their real estate, used primarily to fund local services like schools and infrastructure.

Police And Courts

Institutions responsible for enforcing the law, maintaining public order, and administering justice through legal proceedings.

Private Ownership

The control and ownership of property, enterprises, and means of production by individuals or private companies, not the state.