When the economy is in recession, jobs are generally harder to find and more people go to college. We can conclude that the opportunity cost of
A)going to college decreases when the economy is in recession.
B)going to college increases when the economy is in recession.
C)working increases when the economy is in recession.
D)working is zero when the economy is in recession.
E)going to college is always higher than the opportunity cost of working.

Question

Quizplus · Accepted Answer

The opportunity cost of going to college decreases during a recession because the alternative, working, is less attractive due to fewer job opportunities. This makes the cost of missing out on employment to attend college lower.

When the Economy Is in Recession, Jobs Are Generally Harder