Module 05 Quiz
- Which of the following are correct about opportunity costs? Choose all that apply.
- Opportunity costs is the opportunity to reduce costs.
- Opportunity costs are important to take into account when comparing alternatives.
- Opportunity costs are the costs of giving up a profitable opportunity.
- Opportunity costs are not as large as direct costs.
- Which of the following are observed benefits of a college education, on average? Choose all that apply.
- higher salary
- higher job satisfaction
- lower unemployment rate
- negligible up-front costs
- True or False: All college graduates are better off financially than the average high school grad.
- True or False: The college graduate average starting salary can differ dramatically by choice of major.
- Which of the following are generally good techniques for choosing your field of study and occupation? Choose all that apply.
- going with gut feelings
- following your passions
- talking to people doing different things
- trying many things
- Which of the following are true about the distinctions between federal direct subsidized and unsubsidized loans? Choose all that apply.
- unsubsidized loans need to be repaid, while subsidized loans do not
- unsubsidized loans charge interest while you are enrolled in school, while subsidized loans do not
- unsubsidized loans are available to any US citizen for the asking, while subsidized loans are financial need-based
- unsubsidized loans are unlimited in size, while subsidized loans have maximum size limits
- True or False: One should maximize gift aid before taking out student loans, and maximize federal and state loan options before taking out private loans.
- True or False: College expenses are relatively fixed, with not much you can do to significantly lower them.