People allocate time for college because Select one: a. it decreases human capital by lowering work experience. b. it leads to lower lifetime earnings because opportunity costs are high. c. it leads to higher lifetime earnings because it is an investment in human capital. d. it increases the wages paid to low-skilled workers.

People allocate time for college because Select one: a. it decreases human capital by lowering work experience. b. it leads to lower lifetime earnings because opportunity costs are high. c. it leads to higher lifetime earnings because it is an investment in human capital. d. it increases the wages paid to low-skilled workers.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 14E

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