The opportunity cost of earning an advanced college degree is that:
Answer Options:
- A) You will earn more income during your career.
- B) Some fields require a professional degree before you can begin working.
- C) There may be a low supply of jobs in your professional field.
- D) You will earn less money during the years that you are in college.
Correct Answer:
D) You will earn less money during the years that you are in college.
Explanation:
The opportunity cost of earning an advanced college degree includes the potential income you forgo while you are studying instead of working. This represents the financial sacrifice made during the time spent in education.