For the students' families in developing countries,the main implicit cost of secondary education is:
A) required school fees.
B) earnings or work at home forgone when the student attends school.
C) the cost of textbooks.
D) incidental costs like school uniforms and transportation.

Question

Quizplus · Accepted Answer

The main implicit cost of secondary education for families in developing countries is the earnings or work at home forgone when the student attends school. Many families in developing countries require children to work to contribute to household income, and sending a child to school means a loss of that income. This opportunity cost can be a significant barrier to accessing education. While school fees, textbooks, and incidental costs are also factors, they are more explicit costs that families can plan for and budget.

For the Students' Families in Developing Countries,the Main Implicit Cost