The Opportunity Cost of Working Rather Than Going to School

question 44

Multiple Choice

The opportunity cost of working rather than going to school is

• A) the cost of food and housing.
• B) the cost of clothing and transportation.
• C) zero because the person is earning an income by working.
• D) the higher wages that come with additional education.
• E) the annual wages earned by working.

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Definitions:

Physical Neighborhood

A specific geographical area defined by physical boundaries such as streets and rivers, often characterized by a shared sense of community among its residents.

Local Resources

Available assets, services, or facilities within a community intended to meet the needs of its members.

Participatory Support

Assistance or backing that involves active involvement and contribution from all members of a group or community.

Working-family Schedules

The arrangement and allocation of work hours and commitments tailored to accommodate the needs and responsibilities of family life.