Forgoing paid employment to obtain a university degree is an example of an opportunity cost.

Name: Forgoing paid employment to obtain a university degree is an example of an opportunity cost.
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Opportunity cost refers to the benefits an individual, investor, or business misses out on when choosing one alternative over another. In this case, the opportunity cost of obtaining a university degree includes the income one could have earned from paid employment during that time.

Forgoing Paid Employment to Obtain a University Degree Is an Example