The opportunity cost of going to college includes the costs of tuition, books, fees, and
a. nothing else
b. housing
c. housing and food
d. earnings forgone by not working full-time
e. housing, food, and earnings forgone by not working full-time
Question 2
Expenses for room and board
a. are opportunity costs of attending college, because they are subsidized by the government or by the college
b. are opportunity costs of attending college since they involve cash expenditures
c. are opportunity costs of attending college if you are on scholarship, but not otherwise
d. are not usually part of the opportunity cost of attending college, because you would have to live somewhere and eat something even if you didn't attend college
e. are not usually part of the opportunity cost of attending college, because they are already included in room and board charges, and we wish to avoid double counting
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