During the economic downturn of 20082009, the unemployment rate increased to nearly 10%. At the same time,
Question:
During the economic downturn of 2008–2009, the unemployment rate increased to nearly 10%. At the same time, the price of college and university tuition and the number of college and university enrollees increased.
Using the opportunity cost principle, explain why more people would enroll in college and university during this time period even as the price of a post-secondary education increased.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Principles Of Macroeconomics
ISBN: 9781982166649
1st Canadian Edition
Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan
Question Posted: