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The Opportunity Cost of Going to College or University for Four

Question 101

Multiple Choice

The opportunity cost of going to college or university for four years is


A) the least valued alternative one forfeits to attend.
B) the cost of tuition,residence fees and books.
C) zero.
D) equal to the wage rate a person will earn after graduation.
E) the cost of tuition and books and four years of lost wages from employment.

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