Comparing the worth of lost wages, study time and tuition costs against the potential earnings of a post-secondary degree determines the student's
A) academic freedom.
B) socioeconomic status.
C) human capital.
D) opportunity cost.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the potential benefits or earnings lost when choosing one alternative over another, such as the costs associated with pursuing a degree versus working.

Comparing the Worth of Lost Wages, Study Time and Tuition