Why Is It Less Costly to Attend College During a Recession

question 46

Multiple Choice

Why is it less costly to attend college during a recession?

• A) Tuition is much lower during a recession.
• B) The opportunity cost is higher during a recession because there are more labor market opportunities.
• C) The opportunity cost is lower during a recession because there are fewer labor market opportunities.
• D) Colleges give out better grades during recessions, so the opportunity cost is lower.

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Definitions:

Mean Earnings

The average income that a group of individuals or entities earns over a specified period.

Earnings Ratio

A financial metric comparing one aspect of a company's financial performance, such as earnings, to another, such as its share price.

Full-time Workers

Employees who work a standard workweek, typically 30 to 40 hours, and are often eligible for benefits such as healthcare.

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, physical ability, or other characteristics irrelevant to job performance.