What is NOT a possible opportunity cost of attending a four-year college following high school graduation?
A) the experience of traveling throughout Europe and staying in hostels
B) the income earned at a full-time job
C) the cost of tuition at a four-year college
D) job training learned at a vocational school
E) the cost savings from attending a community college

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefits an individual misses out on when choosing one alternative over another. The cost of tuition at a four-year college is not an opportunity cost of attending college; it is a direct cost. Opportunity costs are the experiences or earnings foregone by choosing to attend college, such as traveling, working full-time, vocational training, or savings from cheaper educational alternatives.

What Is NOT a Possible Opportunity Cost of Attending a Four-Year