WAEC Economics 2017 Objective — Question 2
Question 2 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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The opportunity cost of a worker going to the university is
- A. A. tuition, fees and books
- B. B. boarding and lodging
- C. C. the wages given up to attend universityCorrect
- D. D. transportation and entertainment
Explanation
If a worker chooses to go to school, then his/her opportunity cost will be the wage forgone for school.
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