Which statement(s) is/are true? 1 If unemployment decreases, the opportunity cost of attending college decreases.
2 If men generally earn more than women, the opportunity cost of not attending college is higher for men than for women.

Question

Quizplus · Accepted Answer

1. The opportunity cost of attending college typically involves the income one foregoes while studying instead of working. If unemployment decreases, it generally means more job opportunities and potentially higher wages, which could actually increase the opportunity cost of attending college since students might be giving up higher potential earnings to study. 2. The opportunity cost of not attending college being higher for men than for women, based solely on the premise that men generally earn more, doesn't directly follow. Opportunity costs are determined by the next best alternative forgone. While earning disparities can influence individual opportunity costs, the statement oversimplifies the calculation by not considering other factors like job availability, field of study, or personal circumstances.

Which Statement(s) Is/are True? 1 If Unemployment Decreases, the Opportunity