Instead of deciding to finish high school,Cecily could have decided to work full-time.How would an economist explain her decision to receive her high school degree?
A) The cost of going to high school was greater than the benefit of working full-time.
B) The benefit of working full-time was greater than the benefit of going to high school.
C) The benefit of going to high school was greater than the benefit of working full-time.
D) The cost of working full-time was greater than the benefit of going to high school.
E) The benefit of working full-time was greater than the cost of going to high school.

Question

Quizplus · Accepted Answer

An economist would explain Cecily's decision to receive her high school degree as a rational choice based on a comparison of costs and benefits. The benefit of going to high school, such as higher future earnings potential and career opportunities, would likely be greater than the benefit of working full-time without a high school degree. Therefore, Cecily would choose to pursue her high school degree even if it means temporarily forgoing full-time work.

Instead of Deciding to Finish High School,Cecily Could Have Decided