How is the unemployment rate related to the opportunity cost of college?
A) As the unemployment rate increases, the opportunity cost of attending college falls because fewer opportunities for employment exist.
B) As the unemployment rate decreases, the opportunity cost of attending college falls since it becomes easier to pay for tuition when employed.
C) As the unemployment rate increases, the opportunity cost of attending college increases because fewer people are giving up the opportunity of working to attend college.
D) As the unemployment rate increases, the opportunity cost of attending college increases because more people are giving up the opportunity of working to attend college.
Correct Answer:
Verified
Q74: When deciding whether or not to undertake
Q75: Air travel from Chicago to Los Angeles
Q76: Deciding whether to study an additional hour
Q77: Manuel insists he places an infinite value
Q78: What is thinking on the margin?
A) Making
Q80: What is meant by the term "marginal
Q81: When two people voluntarily trade with each
Q82: An automobile gets 40 miles per gallon,
Q83: A high-school graduate deciding to go to
Q84: Decreasing one's driving speed when a police
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents