The opportunity cost of going to school rather than working is the cost of
A) food.
B) housing.
C) clothing.
D) health care.
E) potential wages.

Question

Quizplus · Accepted Answer

The opportunity cost of going to school rather than working is the potential wages that could have been earned by working instead. Going to school means sacrificing the immediate income from a job, which may have been higher or lower than the income that can be earned after completing school. Therefore, the best choice is E because it directly relates to the concept of opportunity cost.

The Opportunity Cost of Going to School Rather Than Working