The time spent by students in college
A)leads to lower lifetime earnings because opportunity costs are high.
B)is an investment in human capital.
C)decreases human capital by lowering work experience.
D)increases as the wages paid to low-skilled workers rise.

Question

Quizplus · Accepted Answer

Time spent in college is an investment in human capital. This means that the skills, knowledge, and experience gained during college will increase a student's productivity and earning potential over their lifetime. While there are opportunity costs associated with attending college, the long-term benefits generally outweigh these costs. Therefore, choice A is incorrect. Additionally, there is no evidence that college decreases human capital or that the time spent in college is affected by the wages paid to low-skilled workers, making choices C and D incorrect.

The Time Spent by Students in College