The Opportunity Cost of Going to School Rather Than Working

question 11

Multiple Choice

The opportunity cost of going to school rather than working is the cost of

• A) food.
• B) housing.
• C) clothing.
• D) health care.
• E) potential wages.

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Definitions:

Sex Differences

Variations in characteristics, behaviors, or physiological traits between males and females, often influenced by both biological and societal factors.

Testosterone Levels

The concentration of the hormone testosterone in the blood, which plays a key role in male development, and affects muscle mass, bone density, and sexual health among other functions.

Intersex Conditions

Medical conditions involving differences in sex characteristics including chromosomes, gonads, or genitals that do not fit typical binary notions of male or female bodies.

Human Capital Theory

A theory that explains differences in wages as the result of differences in the individual characteristics of the workers.