For Most Students,the Earnings They Give Up to Attend College

question 120

Multiple Choice

For most students,the earnings they give up to attend college are

• A)a minor cost when compared to the costs of tuition,room and board,and the like.
• B)the single largest cost of their education.
• C)about equal to the costs of room and board at college.
• D)not considered true costs by an economist.

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Definitions:

Economic Policies

Government measures applied to control the economy of a country, including fiscal policy, monetary policy, and trade policy.

National Debt

The total amount of money that a country's government has borrowed, by various means.

Budget Deficit

The financial shortfall when a government's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.

Economic Crises

Periods of significant decline in economic activity spread across the economy, lasting more than a few months, and are normally visible in real GDP, real income, employment, industrial production.