Which statement(s) is/are true? 1 If unemployment increases, the opportunity cost of attending college decreases.
2 If men generally earn more than women, the opportunity cost of not attending college is higher for men than for women.

Question

Quizplus · Accepted Answer

1. When unemployment increases, jobs become scarcer, making the alternative to college (working) less valuable. Thus, the opportunity cost of attending college decreases because the foregone earnings from not working are lower. 2. The statement incorrectly assumes a direct relationship between gender wage gaps and the opportunity cost of not attending college, which depends on individual circumstances rather than broad gender wage trends.

Which Statement(s) Is/are True? 1 If Unemployment Increases, the Opportunity