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:

Least Professionalized

Describes organizations or sectors that have the lowest levels of formal training, standards, or qualifications among their personnel.

Charitable Nonprofit

Organizations that operate to provide relief to the poor, advance education, support health, or engage in other charitable activities serving the public interest or common good.

Private Foundations

Nonprofit entities that typically donate funds and support to other charitable organizations, funded by a single source, like a family or corporation.

Single Donor

Refers to contributions received from one individual, organization, or entity to support a particular cause or organization.