One reason you go to college is to improve your employment opportunities and obtain a higher income in the future. In the context of production possibilities, this is most comparable to:
A) producing at any point on the production possibilities curve.
B) producing at a point inside the production possibilities curve.
C) producing relatively more consumer goods and relatively fewer capital goods.
D) producing relatively more capital goods and relatively fewer consumer goods.

Question

Quizplus · Accepted Answer

Going to college and obtaining a higher income in the future requires investment in human capital, which is comparable to producing more capital goods and fewer consumer goods. This shift in production possibilities allows for future growth and improved standard of living, similar to investing in education for future job opportunities and higher income.

One Reason You Go to College Is to Improve Your