Read the following article
and answer the following questions:
i) What was the implicit cost of going to college for Andrea Vick?
it) What was the explicit cost of going to college for Andrea Vick?
iti) One solution for the college affordability prablem mentioned in the article is students taking the
community college path. However, suppose going to community college means it will take one year longer
to get a Bachelors degree. Explain whether this truly makes it a more affordable option using the concept of
iv) The article takes about how wages for college graduates have only risen by 1% per year over the past
decade. Explain using the concept of opportunity cost why we also need to know how much wages for non-
college grads changed when assessing the value of a degree.
v) Do you feel that the majority of students are made fully aware of the opportunity cost of going to college
vi) Given that Tiger Woods was an Econ major at Stanford, on a full scholarship for golf, use the concept of
Opportunity cost to explain why he dropped out before graduating to be a professionat golfer even though
he was going to school for free.
n it. It says nothing about the nature of God, but everything concerning the function of man (1974, 86:24, emp. added, parenthetical comment in orig.). In regard to this kind of thinking, we would be wise to remember that man must exist before dominion can be invested in him, and that man has authority because of the truth that he is made in the image or likeness of God. Also, the authority is not the cause of the image or likeness, but the image and likeness is the ground of the authority (Chafer, 1943, 100:481, emp. added). In commenting on this subject James Hastings wrote: “The view that the Divine image consists in dominion over the creatures cannot be held without an almost inconceivable weakening of the figure, and is inconsistent with the sequel, where the rule over the creatures is, by a separate benediction, conferred on man, already made in the image of God.” The truth is that the image marks the distinction between man and the animals, and so qualifies him for dominion: the latter is the consequence, not the essence, of the Divine image (1976, 1:48, emp. added). “Dominion,” Keil and Delitzsch noted, “is unquestionably ascribed to man simply as the consequence or effluence of his likeness to God” (1996, 1:39). As William H. Baker commented: “[I]t is the presence of the image of God in people that makes them able to exercise dominion over the earth. Dominion itself is not what constitutes the image” (1991, p. 39, emp. in orig.). Although somewhat closely related to the image of God, exercising dominion over the world is not itself that image. (6) Conclusion: Perhaps while on earth we may never totally understand what is meant by these verses. But, upon research, some theologians, Christian Orthodoxy believe we are still in the image of God, others concur that when man fell his image was marred. And some agreed it was lost. However, without a doubt, what is clear is that in mankind, God has completed His final creation of the Creation Story. Let’s consider what King David said of our creation and our special place among all of God’s creations. “When I consider your heavens, the work of your fingers, the moon and the stars, which you have set in place, what is man that you are mindful of him, the son of man that you care for him? You made him a little lower than the heavenly beings and crowned him with glory and honor. You made him ruler over the works of your hands; you put everything under his feet: all flocks and herds, and the beasts of the field, the birds of the air, and the fish of the sea, all that swim the paths of the seas.” (Psalms 8:3-8 NIV) With the diversity of views, most (Christian orthodox) agree that each of us have been made in the image and likeness of God, and because of this, we are capable of determining our own destiny. Unlike the plants and animals, God has endowed us with the ability to form a relationship with Him, the ability to increase our knowledge and wisdom, and the responsibility of caring for the world that He has given us.>