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15 August, 14:52

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.

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  1. 15 August, 15:19
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    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.
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