Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for tuition. According to the economic way of thinking, the student's cost of attending college is
A) zero.
B) bore completely by the college's athletic fund.
C) positive, because the student sacrificed some other opportunity to attend your college.
D) positive, because the student still needs food and housing.
E) negative, because nobody really gains by trying to combine athletics with higher education.
Question 2
Car A gets 20 miles per gallon, and sells for 17,000. Car B gets 40 miles per gallon, and sells for 34,000. In the economic way of thinking, which car is more efficient?
A) Car A
B) Car B
C) Both are equally efficient.
D) It depends on the car buyer's estimate of cost and benefit.
E) It depends on a number of statistical tests done by economists, the results of which are not stated in the question.
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