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:

Actual Intent

The genuine intention or purpose behind a party's actions, especially in legal contexts where motives are a focal point.

Transferring Property

The act of passing the ownership of an asset or property from one party to another through sale, gift, or other methods.

Security Interest

A legal right or claim against collateral pledged as security for the repayment of a loan.

Allowed Claim

A creditor's claim that is approved by a bankruptcy court for payment from the bankruptcy estate.