It has been observed that university enrollment in Canada is higher during periods of high unemployment.A possible explanation for this is that
A)when prospects for getting a job are poor,the opportunity cost of getting a job is lower.
B)when prospects for getting a job are poor,the opportunity cost of doing nothing is higher.
C)during periods of high unemployment,tuition fees are reduced.
D)during periods of high unemployment,the opportunity cost is no longer relevant.
E)when prospects for getting a job are poor,the opportunity cost of going to university is lower.

Question

Quizplus · Accepted Answer

When prospects for getting a job are poor, the opportunity cost of going to university is lower. This means that individuals who may have otherwise chosen to work due to the high opportunity cost of attending university during times of low unemployment are now more likely to choose to attend university as the opportunity cost is lower.

It Has Been Observed That University Enrollment in Canada Is