Question

The _________ of going to college for four years is the money that could have been earned if one had been employed during that time. A opportunity cost B rational choice C incentive D marginal cost SUBMIT ANSWER

Answer 1

The opportunity cost of going to college for four years is the money that could have been earned if one had been employed during that time. The correct answer is option A.

Step-by-step explanation:

The correct answer is opportunity cost. Opportunity cost refers to the value of the best alternative option that is forgone when making a decision. In the case of attending college, the opportunity cost is the money that could have been earned if one had been employed instead of pursuing a college education. While attending college, students are unable to work and earn a salary, resulting in a loss of potential earnings.