The higher the opportunity cost of attending college,
A) the more likely an individual will go to college.
B) the more economics classes an individual will take at college.
C) the fewer economics classes an individual will take at college.
D) the less likely an individual will go to college.

Question

Quizplus · Accepted Answer

Opportunity cost is defined as the benefits that are forgone by choosing one alternative over another. In this case, if the opportunity cost of attending college is high, it means that the individual will have to give up a lot of potential benefits in order to attend college, such as potential income from working or pursuing other opportunities. Therefore, it is less likely that the individual will choose to attend college.

The Higher the Opportunity Cost of Attending College