Ask Question
1 January, 18:24

Which of these statements describes one of the opportunity costs of attending college?

A. Specializing in one area of study limits a person's possible jobs. B. The high cost of tuition requires most students to take college loans. C. A college education is no guarantee of getting a high-paying job later in life. D. Time spent on schoolwork takes away from the chance to earn money at a job.

+3
Answers (1)
  1. 1 January, 22:16
    0
    D. Time spent on schoolwork takes away from the chance to earn money at a job.

    Explanation:

    Opportunity cost in simple terms is the cost forgone when an alternative is let go for a particular choice. That is, the cost incurred by not enjoying the benefit associated with the best alternative choice.

    In this question option D is correct because the opportunity cost of attending college is that the chances of earning money from a job is forgone so as to study.

    Option A is incorrect because it is clearly not the opportunity cost of attending college.

    Option B is also incorrect because while it clearly states that tuition for college is high, it is also not an opportunity cost of attending college.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of these statements describes one of the opportunity costs of attending college? A. Specializing in one area of study limits a ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers