If wages for entry‑level jobs rise as a result of a tight labor market, how might this affect the number of people going to college immediately after high school, all else equal? As a result, the number of high school graduates immediately enrolling in college will a.stay the same b.rise c.fall because the opportunity cost of going to college has a.fallen b.risen c.stayed the same
If wages for entry‑level jobs rise as a result of a tight labor market, how might this affect the number of people going to college immediately after high school, all else equal? As a result, the number of high school graduates immediately enrolling in college will a.stay the same b.rise c.fall because the opportunity cost of going to college has a.fallen b.risen c.stayed the same
Chapter30: The Labor Market
Section: Chapter Questions
Problem 13E
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If wages for entry‑level jobs rise as a result of a tight labor market, how might this affect the number of people going to college immediately after high school, all else equal?
As a result, the number of high school graduates immediately enrolling in college will
a.stay the same
b.rise
c.fall
because the
a.fallen
b.risen
c.stayed the same
.
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