Forgoing paid employment to obtain a university degree is a(n) _____ cost.

Name: Forgoing paid employment to obtain a university degree is a(n) _____ cost.
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Forgoing paid employment to obtain a university degree represents an opportunity cost because it is the cost of an alternative that must be forgone in order to pursue a certain action. In this case, the alternative being forgone is the income one could have earned by choosing to work instead of pursuing higher education.

Forgoing Paid Employment to Obtain a University Degree Is A(n)