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 going to university is lower.
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 doing nothing is higher.

Question

Quizplus · Accepted Answer

When prospects for getting a job are poor, people may view going to university as a better alternative to being unemployed or working in a low-paying job. This decreases the opportunity cost of attending university, making it a more viable option.

It Has Been Observed That University Enrollment in Canada Is