Dropping out of college to devote time to a promising business start-up is most directly an application of the principle of:

Question

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Dropping out of college to devote time to a promising business start-up involves an opportunity cost. This means that by choosing to invest time in the start-up, the person is giving up the benefits and opportunities that could be gained by staying in college and completing their degree. It requires a trade-off between the potential benefits of the start-up and the potential benefits of continued education. Therefore, this scenario most directly involves the principle of opportunity cost.

Dropping Out of College to Devote Time to a Promising